Tropical bubbles : asset prices in Latin America, 1980-2001 / Santiago Herrera, Guillermo Perry

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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Detalhes bibliográficos
Main Authors:Herrera Aguilera, Santiago
Corporate Authors:World Bank
Outros Autores:Perry, Guillermo
Formato: Online-Resource
Idioma:English
Publicado em:Washington, D.C : World Bank, Latin America and the Caribbean Region, Office of the Chief Economist, 2001
Colecção:Policy research working paper
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Acesso em linha:URL des Erstveröffentlichers
Descrição
Resumo: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
Descrição do item:"November 2001. - Includes bibliographical references (p. 23-26). - Title from title screen as viewed on Aug. 24, 2002
Erscheinungsjahr in Vorlageform:[2001]
Weitere Ausgabe: Herrera, Santiago: Tropical bubbles
Descrição Física:1 Online-Ressource (64 Seiten)