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In this study, the existence of multiple bubbles in 15 selected countries is researched by means of the GSADF unit root … existence of multiple bubbles was detected for all the countries examined. The results demonstrate that bubbles in stock markets …
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The global financial crisis (2008-2009) represents a notable example of a generally unpredicted crisis in economic history. Nevertheless, it presented features comparable to almost any previous (monetarily related) crisis episode. For instance, it was characterized by a "vicious cycle" made by...
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