globally. The result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash … stock market bubbles, the emerging markets bubbles and crashes in 1994 and 1997, the Long-Term Capital Management (LTCM …) crisis of 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special …

Major bubble episodes are rare events. In this paper, we examine what factors might cause some asset price bubbles to …

crash hazard rate in the Johansen-Ledoit-Sornette model of rational expectation bubbles. The model is based on a percolation …-exponential bubbles interrupted by crashes …

crash (and rally) discrete jump distributions associated with positive (and negative) bubbles. We assume that crashes tend …, which has been previously proposed as a general definition of bubbles. Our bubble model also allows for a sequence of small …

The efficiency of financial markets and their potential to produce bubbles are central topics in academic and … with bubble-drivers - capital inflows or high initial capital supply - are susceptible to bubbles, but they are …