Galvanized by the claims of Greenwood et al. in Bubbles for Fama that “a sharp price increase of an industry portfolio …, people have not come up with ways of identifying bubbles”, we present significant evidence to the contrary of both statements … price growth qualified by LPPLS: (i) bubbles followed by a large drawdown or crash, and (ii) price catch-up followed by a …

builds up, during the run-up phase of crises and asset price bubbles, and increases when systemic risk materializes …

result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash of 19 … market bubbles and its ensuing “lost decades”, the emerging markets bubbles and crashes in 1994 and 1997, the LTCM crisis of … 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special …

. This initiative delves into the mechanisms of asset pricing to learn how to detect when and why bubbles emerge and how … facilitate high-level multi-stakeholder discussions about how consequences of asset bubbles can be limited through innovative …

, and there are many papers on this important topic. The relationship between asset price bubbles, particularly in real …