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Monetary policy, vagabonding liquidity and bursting bubbles in new and emerging markets : an overinvestment view

Schnabl, Gunther (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003599390

Exchange rate regime, financial market bubbles and long-term growth in China : lessons from Japan

Schnabl, Gunther - 2016

, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …

Persistent link: https://www.econbiz.de/10011475972

Bubbles in hybrid markets : how expectations about algorithmic trading affect human trading

Farjam, Mike; Kirchkamp, Oliver - 2015

Bubbles are omnipresent in lab experiments with asset markets. Most of these experiments were conducted in environments … smaller bubbles if human traders expect algorithmic traders to be present. …

Persistent link: https://www.econbiz.de/10011392621

Market depth, leverage, and speculative bubbles

Enders, Zeno; Hakenes, Hendrik - 2017

We develop a model of rational bubbles based on leverage and the assumption of an imprecisely known maximum market size … lend to traders with limited liability in a bubble is endogenous. Bubbles reduce welfare of future investors. We provide … general conditions for the possibility of bubbles depending on uncertainty about market size, traders' degree of leverage and …

Persistent link: https://www.econbiz.de/10011780495

Fundamental and non-fundamental equilibria in the foreign exchange market : a behavioural finance framework

De Grauwe, Paul (contributor); Dieci, Roberto (contributor); … - 2005

which bubbles and crashes occur at unpredictable moments. We contrast these ʺbehaviouralʺ bubbles with ʺrationalʺ bubbles. …

Persistent link: https://www.econbiz.de/10002749785

Was Bernanke right? : targeting asset prices may not be a good Idea after all

Assenza, Tiziana; Berardi, Michele; Delli Gatti, Domenico - 2011

Should the central bank prevent "excessive" asset price dynamics or should it wait until the boom spontaneously turns into a crash and intervene only afterwards? The debate over this issue goes back at least to the exchange between Bernanke-Gertler (BG) and Cecchetti but has not settled yet. In...

Persistent link: https://www.econbiz.de/10009377794

Bubbling and crashing exchange rates

Blix Grimaldi, Marianna; De Grauwe, Paul - 2003

which bubbles and crashes occur at unpredictable moments. We also analyse the empirical relevance of the model. …

Persistent link: https://www.econbiz.de/10011509496

Financial fragility, bubbles and monetary policy

Illing, Gerhard - 2001

The paper models the links between financial fragility, asset markets and monetary policy. It is shown that central bank's concern about the cost of financial disruption generates an asymmetric response, thus contributing to the creation of an asset price bubble. In an economy with a highly...

Persistent link: https://www.econbiz.de/10011398119

Bubbles and crashes in a behavioural finance model

De Grauwe, Paul; Grimaldi, Marianna - 2004

which bubbles and crashes occur at unpredictable moments. We contrast these behavioural bubbles with rational bubbles. …

Persistent link: https://www.econbiz.de/10011401333

Deposit insurance, regulatory forbearance and economic growth : implications for the Japanese banking crisis

Dekle, Robert; Kletzer, Kenneth - 2004

An endogenous growth model with financial intermediation is used to show how public deposit insurance and weak prudential regulation can lead to banking crises and permanent declines in economic growth. The impact of regulatory forbearance on investment, saving and asset price dynamics under...

Persistent link: https://www.econbiz.de/10011402648