Tropical bubbles : asset prices in Latin America, 1980-2001

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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Bibliographic Details
Main Authors:Herrera Aguilera, Santiago
Corporate Authors:World Bank
Other Authors:Perry, Guillermo
Format: Online-Resource
Language:English
Published:Washington, D.C : World Bank, Latin America and the Caribbean Region, Office of the Chief Economist, 2001
Series:Policy research working paper
Subjects:
Lateinamerika
Business cycles > Latin America
Corporations > Valuation > Latin America
Financial crises > Economic aspects > Latin America
Stocks > Prices > Latin America
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