dating financial bubbles. These procedures are useful as warning alerts in surveillance strategies conducted by central banks … origination and termination of multiple bubbles. Simulations show that the test significantly improves discriminatory power and … leads to distinct power gains when multiple bubbles occur. An empirical application of the methodology is conducted on S …

In economics and finance, speculative bubbles take the form of locally explosive dynamics that eventually collapse. We … propose a test for the presence of speculative bubbles in the context of mixed causal-noncausal autoregressive processes. The … test exploits the fact that bubbles are anticipative, that is, they are generated by an extreme shock in the forwardlooking …

Global financial crises, which can stem from the bubbles in asset prices and which have been observed especially in the … United States and Europe, have demonstrated once again how important the determination of bubbles is. The bubbles in question … rational bubbles with financial crises, the analysis and detection of them become even more important for investors, portfolio …