Tropical bubbles
Subtitle: asset prices in Latin America, 1980-2001
By: Santiago Herrera, Guillermo Perry.
Contributors: Perry, Guillermo.; World Bank. Latin America and the Caribbean Regional Office. Office of the Chief Economist.
Series: Policy research working paper ;; 2724; Policy research working papers (Online) ;; 2724.
Publisher: World Bank, Latin America and the Caribbean Region, Office of the Chief Economist
Published: 2001
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Stocks -- Prices -- Latin America.; Stocks -- Valuation -- Latin America.; Financial crises -- Economic aspects -- Latin America.; Business cycles -- Latin America.
Description: The authors examine if observed asset prices in Latin America depart significantly from fundamentals-determined levels. These departures, or bubbles, are found to be equally determined by both country-specific and common external variables, contrary to previous studies that found that local factors were predominant in asset price determination in Latin America.
Notes: Includes bibliographical references (p. 23-26).
Title from title screen as viewed on Aug. 24, 2002.
"November 2001."
Also available in print.
Mode of access: World Wide Web.