Asset Price Bubbles
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portes grátis
Asset Price Bubbles
Implications for Monetary and Regulatory Policies
Kaufman, G.G.
Emerald Publishing Limited
12/2001
256
Dura
Inglês
9780762308453
15 a 20 dias
Asset price bubbles have been and continue to be an area of major public policy concern in many countries. While we know that the bursting of such bubbles is painful and destructive to the economy, little is known of their causes. This volume examines aspects of asset price bubbles from the perspective of different times and different countries.
List of Contributors. Introduction (G. Kaufman). Part I. Bubbles, crashes and failed paradigms in central banking (H. Bernard, J. Bisignano). Measuring the bubble in mature and emerging equity markets (G.G.H. Garcia). A model of financial crisis with applications to real estate bubbles and Asia (N Sarkar, R. Van Order). Comment (T.F. Cargill). Comment (G. Caprio). Part II. Should monetary policy respond to asset price bubbles? Some experimental results (A. Filardo). Are there rational bubbles in the U.S. stock market? An overview and a new test (R.Bhar, A.G. Malliaris). How good are EU deposit insurance schemes in a bubble environment? (M.J.B. Hall). Comment (E. Rosengren). Comment (H. Rosenblum). Part III. Financial liberalization, asset inflation and monetary policy in Japan (T. Cargill). Is the federal reserve stock market bubble-neutral? (M.D. Hayford, A.G.Malliaris).
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Asset price bubbles have been and continue to be an area of major public policy concern in many countries. While we know that the bursting of such bubbles is painful and destructive to the economy, little is known of their causes. This volume examines aspects of asset price bubbles from the perspective of different times and different countries.
List of Contributors. Introduction (G. Kaufman). Part I. Bubbles, crashes and failed paradigms in central banking (H. Bernard, J. Bisignano). Measuring the bubble in mature and emerging equity markets (G.G.H. Garcia). A model of financial crisis with applications to real estate bubbles and Asia (N Sarkar, R. Van Order). Comment (T.F. Cargill). Comment (G. Caprio). Part II. Should monetary policy respond to asset price bubbles? Some experimental results (A. Filardo). Are there rational bubbles in the U.S. stock market? An overview and a new test (R.Bhar, A.G. Malliaris). How good are EU deposit insurance schemes in a bubble environment? (M.J.B. Hall). Comment (E. Rosengren). Comment (H. Rosenblum). Part III. Financial liberalization, asset inflation and monetary policy in Japan (T. Cargill). Is the federal reserve stock market bubble-neutral? (M.D. Hayford, A.G.Malliaris).
Este título pertence ao(s) assunto(s) indicados(s). Para ver outros títulos clique no assunto desejado.
