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Financialization and Speculative Bubbles - International Evidence

Ahmed, Ehsan - 2017

, asset markets have exhibited high levels of volatility with sharp increases characteristic of speculative bubbles followed … by even sharper crashes. This paper attempts to test the possible presence of nonlinear speculative bubbles in 23 … results indicate the presence of speculative bubbles in all 23 of these markets with increasing incidence over time, which …

Persistent link: https://www.econbiz.de/10012965450

Soccer Bubble : Is There a Speculative Bubble in the Price of International Soccer Players?

Pancotto, Francesca; Addessi, Giorgio; Auteri, Nicola - 2022

An exponentially increasing trend of players’ registration price has taken place recently, and we test the hypothesis that this may be a speculative bubble, using a structural break test on a dataset of international soccer players registration prices, from 2007 to 2019. Our statistical...

Persistent link: https://www.econbiz.de/10014238249

Brexit – Populist Reaction to the 2008 Speculative Bubble Bursting?

Mackaay, Ejan - 2020

As evidence accumulates about the harmful effects Brexit is likely to cause to the British economy, one may wonder what made a majority of Brits vote to leave the EU. Rather than treat it as a fit of ill temper or an unfortunate accident, this paper explores the idea that it should be seen as a...

Persistent link: https://www.econbiz.de/10014101325

Irrational exuberance or the money-trust power grab : was the panic of 1907 truly a speculative bubble or a financial coup d'état?

LaRocca, Richard; Valentine, Randall; Cunningham, Thomas J. - In: The journal of behavioral finance : a publication of … 24 (2023) 1, pp. 123-130

Persistent link: https://www.econbiz.de/10013547868

Bear Beta or Speculative Beta?—Reconciling the Evidence on Downside Risk Premium

Wang, Tong - 2022

This paper develops a new approach to explain why risk factors constructed from option returns are priced in the stock market. We decompose an option- based factor into three main components and identify the one responsible for the beta-return relationship. Applying this method to the bear risk...

Persistent link: https://www.econbiz.de/10013305706

Blanchard-Type Speculative Bubbles in an RBC Economy

Kollmann, Robert - 2023

This paper constructs speculative bubbles in a Real Business Cycle (RBC) economy. Building on Blanchard’s (Economics … Letters, 1979) classic analysis of speculative bubbles in asset pricing models, the bubbles studied here result from the … absence of a transversality condition for production capital. It is shown that speculative bubbles can generate boom …

Persistent link: https://www.econbiz.de/10014358123