Footnote:
In: Pensamiento y Gestión, Vol. 24, pp. 63-87, 2008
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 31, 2008 erstellt
Description:
Empirical evidence has demonstrated that there are bubbles in the prices of financial assets, in other words, when assets are traded at prices either above or below their fundamental value. With this in mind, it is desirable to seek answers to the following questions: What reasons are given by existing literature to explain why bubbles exist in the prices of financial assets? What are the implications of the existence of these bubbles for public policy? What research topics are linked to this theme? To answer these questions, a review mainly focusing on articles published in academic journals discussing the topic of bubbles in the prices of financial assets, has been undertaken