Asset price bubbles: a selective survey
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Bibliographische Detailangaben
1. Verfasser: Scherbina, Anna (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] International Monetary Fund c2013
Schriftenreihe:IMF working paper WP/13/45
Schlagworte:
Online-Zugang:Volltext
Beschreibung:Title from PDF title page (IMF Web site, viewed Feb. 25, 2013). - "Institute for Capacity Development.". - "February 2013"--p. 2 of pdf
"Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard rational models, the new literature is able to model the common characteristics of historical bubble episodes and offer insights for how bubbles are initiated and sustained, the reasons they burst, and why arbitrage forces do not routinely step in to squash them. The latest U.S. real estate bubble is described in the context of this literature"--Abstract
Includes bibliographical references (p. 36-40)
Beschreibung:1 Online-Ressource (1 online resource (41 p.)
ISBN:9781475541021
1475541023
1589065905
9781589065901

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