have strongest in-sample and out-of-sample explanatory content for the emergence of price bubbles. In particular, the price … to book ratio is fruitful to improve the ex-ante signalling of stock price bubbles …

We investigate the role of bubbles on financial contagion using a set of developed economies. First, using the …-series dynamic conditional correlations and bubbles to estimate various dynamic panel specifications that consider the endogenous … nature of bubbles. We find statistically significant decreases in the dynamic correlations during periods of bubbles, which …

, drawn from a book in progress, examines the history of stock markets for comparable pure price-chasing bubbles, finding nine … way down - of these greatest asset bubbles in human history. When one applies this framework to the current US stock …