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This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking … policy instruments in counteracting financial bubbles. We find that an endogenous capital requirement reduces the impact of a …
Persistent link: https://www.econbiz.de/10011952012
(and rally) discrete jump distributions associated with positive (and negative) bubbles. The RE condition implies that the …
Persistent link: https://www.econbiz.de/10011899594
At odds with the common “rational expectations” framework for bubbles, economists like Hyman Minsky, Charles … essential drivers for bubble phenomena and financial crises. Following this understanding that asset price bubbles are generated … management problem settings. This conception of bubbles also allows us to elucidate the status of rational expectation bubbles …
Persistent link: https://www.econbiz.de/10011900246
Persistent link: https://www.econbiz.de/10011667418
Building on the notion that bubbles are transient self-fulfilling prophecies created by positive feedback mechanisms …
Persistent link: https://www.econbiz.de/10011619422
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 significantly …
Persistent link: https://www.econbiz.de/10011807267
financial bubbles generated in the banking sector and to mitigate the adverse effects of financial repression after a bubble …
Persistent link: https://www.econbiz.de/10011816826
Persistent link: https://www.econbiz.de/10011378869
Persistent link: https://www.econbiz.de/10012419429
) model of endogenous asset price bubbles to monitor crash risk. The model is calibrated to 15 years market history for five …
Persistent link: https://www.econbiz.de/10012419688