Financial Market Bubbles And Crashes
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Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset va
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Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to an
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“An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended.” —Choice
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One would think that economists would by now have already developed a solid grip on how financial bubbles form and how to measure and compare them. This is not
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