Asset Price Bubbles: A Selective Survey
Author:   Anna Scherbina
Publisher:   International Monetary Fund
ISBN:  

9781299395190


Pages:   42
Publication Date:   01 January 2013
Format:   Electronic book text
Availability:   Available To Order   Availability explained
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Asset Price Bubbles: A Selective Survey


Overview

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.

Full Product Details

Author:   Anna Scherbina
Publisher:   International Monetary Fund
Imprint:   International Monetary Fund
ISBN:  

9781299395190


ISBN 10:   1299395198
Pages:   42
Publication Date:   01 January 2013
Audience:   General/trade ,  General
Format:   Electronic book text
Publisher's Status:   Active
Availability:   Available To Order   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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