Showing 1 - 10 of 3,059
This study aims to examine the effect of investor sentiment on stock market crash risk in the Asia-Pacific region. The research employs principal components analysis (PCA) to construct an investor sentiment index, while the Method of Moments Quantile Regression (MMQR) is used to analyze monthly...
Persistent link: https://www.econbiz.de/10015193537
Japan and its economic partners, namely, the United States, the Eurozone, and the United Kingdom. First, we apply a … housing prices. Second, we analyze the volatility spillover in housing prices between Japan and its economic partners using … bubble migration with time-varying coefficients. We document two historical bubble episodes from 1970 to 2018 in Japan …
Persistent link: https://www.econbiz.de/10012622423
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10012237439
, abnormally high asset prices can be caused by financial bubbles. In this model, bubbles can emerge and deflate both in cycles or … rate. This can lead to new stable equilibria, but the emergence and bursting of bubbles cannot be prevented. …
Persistent link: https://www.econbiz.de/10014501110
To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...
Persistent link: https://www.econbiz.de/10012231540
This study investigates speculative bubbles in the cryptocurrency market and factors affecting bubbles during the COVID …-19 pandemic. Our results indicate that each cryptocurrency covered in the study presented bubbles. Moreover, we found … was evident among investors; however, this diminishes during bubbles, indicating that bubbles are not explained by herd …
Persistent link: https://www.econbiz.de/10013368517
This study examines the role of market sentiment in predicting the price bubbles of four strategic metal commodities … the role of sentiment as a reliable indicator of future bubbles for some metal commodities and found that bubbles were … the price bubbles of precious metals. …
Persistent link: https://www.econbiz.de/10013272710
Eye tracking can facilitate understanding irrational decision-making in contexts such as financial risk-taking. For this purpose, we develop an experimental framework in which participants trade a risky asset in a simulated bubble market to maximize individual returns while their eye movements...
Persistent link: https://www.econbiz.de/10014288934
In this study, the existence of multiple bubbles in 15 selected countries is researched by means of the GSADF unit root … existence of multiple bubbles was detected for all the countries examined. The results demonstrate that bubbles in stock markets …
Persistent link: https://www.econbiz.de/10012264650
' field, giving researchers new approaches to risk management, forecasting, the study of bubbles and crashes, and many kinds …
Persistent link: https://www.econbiz.de/10012800613