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. 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 …
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introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles …Chapter1 Asset price dynamics and stochastic processes -- Chapter2 Stylized facts of financial markets and bubbles … -- Chapter3 Introduction to contagions and bubbles -- Chapter4 Rational Social Learning -- Chapter5 Bubbles -- Chapter6 …
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Financial crises have been pervasive phenomena throughout history. Bordo et al. (2001) find that their frequency in recent decades has been double that of the Bretton Woods Period (1945-1971) and the Gold Standard Era (1880-1993), comparable only to the Great Depression. Nevertheless, the...
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, and there are many papers on this important topic. The relationship between asset price bubbles, particularly in real …
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This essay looks at the bidirectional relationship between financial history and financial economics. It begins by giving a brief history of financial economics by outlining the main topics of interest to financial economists. It then documents and explains the increasing influence of financial...
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