This Time It’s Different: Speculative Asset Bubbles & Adaptive Expectations:
Thesis advisor: Harold Petersen === Thesis advisor: === Using insights from Hyman Minsky’s Financial Instability Hypothesis (FIH), we develop a theoretical framework for how speculative bubbles may materialize in securities markets. Our model and empirical analysis show that agents place undue emp...
| Format: | Others |
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| Language: | English |
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Boston College
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| Subjects: | |
| Online Access: | http://hdl.handle.net/2345/bc-ir:108497 |