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Asset price bubbles : implications for monetary, regulatory, and international policies /
In both the industrialized and developing worlds, a distinctive feature of the last two decades has been prolonged buildups and sharp collapses in asset markets such as stock, housing, and exchange markets. The volatility has sparked intense debate in academic and policy circles over the appropriate...
| Clasificación: | Libro Electrónico |
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| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge, Mass. :
MIT Press,
©2003.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | In both the industrialized and developing worlds, a distinctive feature of the last two decades has been prolonged buildups and sharp collapses in asset markets such as stock, housing, and exchange markets. The volatility has sparked intense debate in academic and policy circles over the appropriate monetary and regulatory response to dramatic market shifts. This book examines asset price bubbles to further our understanding of the causes and implications of financial instability, focusing on the potential of central banks and regulatory agencies to prevent it. The book grew out of a conference jointly sponsored by the Federal Reserve Bank of Chicago and the World Bank Group in April 2002. |
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| Notas: | Revised papers of a conference sponsored by the Federal Reserve Bank of Chicago and the World Bank. |
| Descripción Física: | 1 online resource (xxvi, 581 pages) : illustrations |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9780262275910 0262275910 0585456682 9780585456683 0262083140 9780262083140 |