Free shipping on all orders over $79* Limited Time Only
Track My Order
Help Centre
Likes
My Wish ListsLogin / Join
Booktopia
Australia's local bookstore
Get Free Shipping on orders over $79
Asset Price Bubbles : Implications for Monetary and Regulatory Policies - G.G. Kaufman

Asset Price Bubbles

Implications for Monetary and Regulatory Policies

By: G.G. Kaufman (Editor)

Hardcover | 13 December 2001

At a Glance

Hardcover

$213.40

or 4 interest-free payments of $53.35 with

 or 

Ships in 7 to 10 business days

Asset price bubbles have been and continue to be an area of major public policy concern in many countries. But while we know that the bursting of such bubbles is exceedingly painful and destructive to the economy, little is known of their causes. Indeed, there is little agreement even on the definition of a bubble and whether, whatever it is, is economically rational or irrational and reflect temporary excessive exuberance. Can bubbles be identified ex-ante before they burst? Often, one person's perceived bubble is another's perceived equilibrium price path. How and when is a bubble recognized? Should asset prices be a concern for monetary or fiscal policy makers and, if so how and when should policy-makers act? Should monetary policy attempt to target and stabilize asset prices the same as product prices? Should monetary policy act quickly at the beginning of the bubble or wait until the perceived bubble has been underway for some time? For how long? Will bubble restraining policies burst a bubble? Would it have burst on it's own? How can the damage done after bubbles be minimized? Does the experience of the U.S. in the 1920s and of Japan in the 1990s provide any lessons and guidelines for these and other countries in the 2000s?

The papers in this volume examine these and other aspects of asset price bubbles from the perspective of different times and different countries. The authors are experts who represent different countries, different economic philosophies, and different backgrounds - academic, government, bank regulatory agency and private. As a result, the papers add greatly to our storehouse of knowledge about asset price bubbles and hopefully will continue to moresuccessful public and private policies for restraining both the bubbles and their consequences and improving economic welfare.

Industry Reviews
G.G. Kaufman
...Eight papers with comments, from meetings of the Western Economic Association (San Francisco, July 2001) and the European Financial Management Association (Lugano, Switzerland, June 2001), examine aspects of asset price bubbles from the perspective of different times and different countries.
Journal of Economic Literature

You Can Find This Book In

Non-FictionAccounting & FinanceFinanceInvestment & SecuritiesShares & StocksInsurance & Actuarial StudiesEconomicsEconomic HistoryMacroeconomicsMonetary EconomicsEconomic Systems & StructuresBanking
Business & ManagementSales & Marketing

More in Sales & Marketing

How Brands Grow : What Marketers Don't Know - Byron Sharp

How Brands Grow

What Marketers Don't Know

Hardcover

RRP $59.95

$38.75

35%
OFF
Influence, New and Expanded : The Psychology of Persuasion - Robert B. Cialdini

Influence, New and Expanded

The Psychology of Persuasion

Paperback

RRP $34.99

$24.75

29%
OFF
By My Hands : A Potter's Apprenticeship - Florian Gadsby

By My Hands

A Potter's Apprenticeship

Paperback

RRP $28.99

$24.75

15%
OFF
Risk and Tourism Marketing in Asia - David Beirman

Risk and Tourism Marketing in Asia

Paperback

$158.75

Risk and Tourism Marketing in Asia - David Beirman

Risk and Tourism Marketing in Asia

Hardcover

$516.75

Marketing : 9th Edition - An Introduction - Gary Armstrong

Marketing

9th Edition - An Introduction

Paperback

$164.75

This product is categorised by