Title: Tropical bubbles
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.
Subjects: Business cycles, Economic aspects of Financial crises, Financial crises, Prices, Stocks, Valuation, Corporations
Places: Latin America