Abstracting and IndexingРИНЦReferativny Zhurnal VINITI RAS Worldcat Google Scholar Online availableEastvieweLIBRARY.RU Biblioclub |
Financial bubbles and financial crises
Available online: 12 September 2012 Subject Heading: Financial market JEL Classification:
In the article the behavior of the financial markets deviating from an equilibrium state is investigated. Typical events in such markets are financial bubbles in which the prices of assets essentially differ from the fundamental (correct) prices. Various models of financial bubbles and the conditions under which a bubble blowing leads to financial crisis are considered. The concept of acyclic crises, distinct from recession in structure of a business cycle is presented. Keywords: financial bubble, acyclic crisis, mechanism, falling, price, market |
ISSN 2311-8768 (Online)
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