Some important characteristics of asset bubbles and financial crises

This paper first discusses the major characteristics of the seeding stage, the development stage and the final stage of an asset bubble. In particular, it emphasizes the role of expectation, some major changes in economic behaviors, financial leveraging, some important vicious cycles, upward spir...

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Bibliographic Details
Main Author: Yip, Paul Sau Leung
Other Authors: School of Social Sciences
Format: Article
Language:English
Published: 2021
Subjects:
Online Access:https://hdl.handle.net/10356/146509
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Institution: Nanyang Technological University
Language: English