A leverage-based model of speculative bubbles
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Publication:406414
DOI10.1016/J.JET.2014.07.012zbMath1309.91100OpenAlexW2096877346MaRDI QIDQ406414
Publication date: 8 September 2014
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://www.chicagofed.org/digital_assets/publications/working_papers/2008/wp2008_01.pdf
Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24) Credit risk (91G40) Actuarial science and mathematical finance (91G99)
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Asset pledgeability and endogenously leveraged bubbles ⋮ A finite model of riding bubbles ⋮ Bubbly bailout ⋮ Deposit insurance and the coexistence of commercial and shadow banks ⋮ Herding through booms and busts ⋮ A THREE‐STATE RATIONAL GREATER‐FOOL BUBBLE MODEL WITH INTERTEMPORAL CONSUMPTION SMOOTHING ⋮ The simplest rational greater-fool bubble model
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