Show simple item record

dc.contributor.authorKubicová, Ivana
dc.contributor.authorKomárek, Luboš
dc.date.accessioned2016-11-04T09:00:57Z
dc.date.available2016-11-04T09:00:57Z
dc.date.issued2011
dc.identifier.citationFinance a úvěr. 2011, roč. 61, č. 1, p. 34-48.cs
dc.identifier.issn0015-1920
dc.identifier.urihttp://hdl.handle.net/10084/116346
dc.description.abstractThis article briefly summarizes approaches to and options for identifying bubbles in asset prices. Further, the article draws on bubble literature and it theoretically discusses classification of asset price bubbles according to features as differences in rationality of investors, their informational (a)symmetry, limits in arbitrage and heterogeneous beliefs. It also highlights the identification problems related with determining the fundamental value of an asset. We argue that disequilibrium asset price is a necessary but not sufficient condition for finding a bubble in a given asset. The market and country specifics have to be borne in mind. The article also specifies the procedure for monitoring and early identification of asset price bubbles. We recommend using all available spectrum of tools in the most effective arrangement ranging from charting methods (trends, filters, price-to-income ratios) via one-equation fundamentals based models to complex and structurally rich models.cs
dc.format.extent221252 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoencs
dc.publisherUniverzita Karlova. Fakulta sociálních vědcs
dc.relation.ispartofseriesFinance a úvěrcs
dc.relation.urihttp://journal.fsv.cuni.cz/storage/1203_kubicova.pdfcs
dc.subjectasset pricescs
dc.subjectasset bubblescs
dc.subjectequilibrium valuecs
dc.subjectmisalignmentcs
dc.titleThe classification and identification of asset price bubblescs
dc.typearticlecs
dc.rights.accessopenAccess
dc.type.versionpublishedVersioncs
dc.type.statusPeer-reviewedcs
dc.description.sourceWeb of Sciencecs
dc.description.volume61cs
dc.description.issue1cs
dc.description.lastpage48cs
dc.description.firstpage34cs
dc.identifier.wos000289915600003


Files in this item

This item appears in the following Collection(s)

Show simple item record