Asset Bubbles: Re-thinking Policy for the Age of Asset Management

Asset Bubbles: Re-thinking Policy for the Age of Asset Management
In distilling a vast literature spanning the rational— irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more informationally-efficient, more complete, and more heavily influenced by sophisticated (i.e. presumably rational) institutional investors.... READ MORE...

Publication date: February 2015
ISBN 9781475576207
$18.00

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