financial bubbles
FINANCIAL BUBBLES AND RATIONALITY
... Rational bubbles have already been studied When considering the commonly accepted efficient market hypothesis (EMH), it may be difficult to understand why and how financial bubbles, ...of ...
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Wealth Inequality, Growth and Financial Bubbles
... Our model clearly captures some of the possible of the concentration of wealth on AS, but only through the number of investors relative to the number of creditors. This is obviously a drawback of our too simple modeling: ...
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An asynchronous double auction market to study the formation of financial bubbles and crashes
... realistic speculative bubbles and crashes. The experimental design aims to explore gradually the proposed model; thus, we explore different proportions for the different types of traders and we observe the impact ...
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An asynchronous double auction market to study the formation of financial bubbles and crashes
... realistic speculative bubbles and crashes. The experimental design aims to explore gradually the proposed model; thus, we explore different proportions for the different types of traders and we observe the impact ...
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Optimism, pessimism and financial bubbles
... rational bubbles when uncertainty is introduced associated with rank-dependent expected ...ministic bubbles, when optimism may promote the existence of stochastic ...
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Optimism, pessimism and financial bubbles
... rational bubbles can be extended when uncertainty and rank-dependent expected utility are intro- ...that bubbles can arise in economies for which the return on capital at a steady state is below the growth ...
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Bubbles and incentives: an experiment on asset markets
... 2 Bubbles and Incentives: An Experiment on Asset Markets ...INTRODUCTION Financial bubbles in asset markets - defined as ‘trade in high volume at prices that are considerably at variance from ...
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Intertemporal equilibrium with production: bubbles and efficiency
... rational bubbles. Tirole (1982) proved that there is no financial asset bubble in a rational expectation model without ...speculative bubbles where rational agents buy an overvalued asset because ...
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Drawing optical fibers: elongating bubbles, breaking nanoparticles
... Summary: Optical fibers are the basis for applications that have grown considerably in recent years (telecommunications, sensors, fiber lasers, etc). To fulfill the characteristics required for these applications, ...
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Agitation, Mixing, and Transfers Induced by Bubbles
... gas bubbles in a ...small bubbles are dispersed in a liquid pipe ...the bubbles, and in return, the presence of the bubbles alters the liquid ...the bubbles is often called particle ...
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Transition from spherical cap to toroidal bubbles
... L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignemen[r] ...
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Bubbles and crashes with partially sophisticated investors
... during bubbles are driven by short- term speculation rather than by fundamentals (Stiglitz, 1990), we show that such strategies are based only on investors’expectations about the market dynamics one period ...
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Agitation, Mixing, and Transfers Induced by Bubbles
... gas bubbles in a ...small bubbles are dispersed in a liquid pipe ...the bubbles, and in return, the presence of the bubbles alters the liquid ...the bubbles is often called particle ...
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Transition from spherical cap to toroidal bubbles
... To link to this article : DOI:10.1063/1.2196451 URL : http://dx.doi.org/10.1063/1.2196451 To cite this version : Bonometti, Thomas and Magnaudet, Jacques. Transition from spherical cap to toroidal bubbles. (2006). ...
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On the deformation of gas bubbles in liquids
... IV. AIR BUBBLE IN WATER A large number of experimental investigations of the motion of air bubbles in water have been conducted. 1 In Aybers and Tapucu, 19 experimental measurements for the deformation of air ...
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Fintech and Financial Inclusion
... Introduction: Financial Inclusion, Digital Finance and Fintech… In 2012, Demirguc-Kunt and ...inclusive financial systems are likely to benefit poor people and other disadvantaged groups because “without ...
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Three Essays on Financial Innovation
... and Samama (2012) considers contingent capital instruments that provide financial in- stitutions with an insurance on regulatory capital to limit financial distress costs. This form of contingent capital ...
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Three essays on financial stability
... 3.4.1 Cross-country analysis Anastasiou et al. ( 2016 ) opt for a general method of moments (GMM) framework to study the determinants of non-performing loans in the euro-banking system over the period 1990Q1- 2015Q2. ...
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Essays in financial economics
... We present a model of the interactions between traditional and shadow banks that explains their coexistence. In the 2007 financial crisis, some of shadow banks’ assets and liabilities have moved to traditional ...
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Essays on Empirical Financial Accounting
... from acting so exceed the expected costs. In this framework, the deterrence effect depends on the expected costs associated with the crime. Such costs are a function of two elements: the probability of being caught and ...
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