Asset Price Bubbles: Implications for Monetary and Regulatory Policies

by Kaufman G. G. Kaufman, Kimberly G. Grob, George G. Kaufman

Asset price bubbles have been and continue to be an area of major public policy concern in many countries. But while we know that the bursting of such bubbles is exceedingly painful and destructive to the economy, little is known of their causes. Indeed, there is little agreement even on the definition of a bubble and whether, whatever it is, is economically rational or irrational and reflect temporary excessive exuberance. Can bubbles be identified...

• Format: Hardcover
• Language: English
• ISBN: 0762308451
• ISBN13: 9780762308453
• Release Date: December 2001
• Publisher: Jai Press Inc.
• Length: 256 Pages
• Weight: 1.18 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"