Asset price bubbles: The implications for monetary, regulatory, and international policies

William C Hunter; George G Kaufman; Michael Pomerleano

doi:10.7551/mitpress/1459.001.0001

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Edited book

Asset price bubbles: The implications for monetary, regulatory, and international policies

William C Hunter, George G Kaufman and Michael Pomerleano

MIT Press

2003

DOI: 10.7551/mitpress/1459.001.0001

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Abstract

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.

Asset Price

Asset Pricing, Trading Volume, Bond Interest Rates (G12)

Economic Development: Financial Markets, Saving and Capital Investment, Corporate Finance and Governance (O16)

General Financial Markets: Government Policy and Regulation (G18)

International Financial Markets (G15)

Monetary

Monetary Policy (E52)

Policy

Details

Title: Subtitle: Asset price bubbles: The implications for monetary, regulatory, and international policies
Creators: William C Hunter (Editor)
George G Kaufman (Editor)
Michael Pomerleano (Editor)
Resource Type: Edited book
DOI: 10.7551/mitpress/1459.001.0001
Publisher: MIT Press; Cambridge, Mass.
Number of pages: xxvi, 581 pages
Language: English
Date published: 2003
Academic Unit: Finance
Record Identifier: 9984963241102771

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