Tropical bubbles: asset prices in Latin America, 1980-2001

The authors examine if observed asset prices in Latin America depart significantly from fundamentals-determined levels. These departures, or bubbles, are found to be equally determined by both country-specific and common external variables, contrary to previous studies that found that local factors...

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1. Verfasser: Herrera, Santiago (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C World Bank, Latin America and the Caribbean Region, Office of the Chief Economist [2001]
Schriftenreihe:Policy research working paper 2724
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Zusammenfassung:The authors examine if observed asset prices in Latin America depart significantly from fundamentals-determined levels. These departures, or bubbles, are found to be equally determined by both country-specific and common external variables, contrary to previous studies that found that local factors were predominant in asset price determination in Latin America
Beschreibung:"November 2001
Includes bibliographical references (p. 23-26)
Title from title screen as viewed on Aug. 24, 2002
Beschreibung:1 Online-Ressource

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