Asset Price Bubbles: Implications Monetary and Regulatory Policies (Research in Financial Services: Private and Public Policy)
Edition: 1 edition
Publisher: JAI Press; JAI
Published: December 1, 2001
Language: eng
Format: Hardcover
Number of pages: 250
ISBN-13: 9780762308453
Subjects: Capitalist or free market economies; Finance; Financial crises; Business/Economics; Business & Economics; Business / Economics / Finance; Monetary policy; Financial services industry; Banks & Banking; Business & Economics / Banks & Banking; Management; Real property; Marketing - General; Congresses; Deposit insurance
First sentence: Since the opening of the 1990s, three events have arguably shaken the public's faith in the efficacy of macroeconomic policy in a world of liberalised capital markets and unrestricted capital flows: the prolonged recession and widespread financial weakness in Japan following the collapse of price bubbles in real estate and equities; the series of financial crises in developing economies; and the recent boom-bust cycle in U.S. equity markets.