Spotting Bubbles: A Two-Pillar Framework for Policy Makers
In the aftermath of the global fi nancial crisis, the issue of how best to identify speculative bubbles remains in fl ux. This owes to the diffi culty of disentangling irrational investor exuberance from the rational response to lower risk, based on price behavior alone. In response, I introduce a...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
University of Warsaw
2016-07-01
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| Series: | Journal of Banking and Financial Economics |
| Subjects: | |
| Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1075&context=jbfe |
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