Tropical bubbles asset prices in Latin America, 1980-2001
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...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
World Bank, Latin America and the Caribbean Region, Office of the Chief Economist
2001
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| Series: | Policy research working paper
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | 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 |
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| Item Description: | "November 2001. - Includes bibliographical references (p. 23-26). - Title from title screen as viewed on Aug. 24, 2002 |