scholarly journals Liquidity Shocks and Asset Price Boom/Bust Cycles

2007 ◽  
Author(s):  
Ramón Adalid ◽  
Carsten Detken
Keyword(s):  
Asset Price ◽  
Liquidity Shocks ◽  
Price Boom

Asset price boom–burst cycle as an elastic money response to technological shocks

2012 ◽  
Vol 114 (3) ◽  
pp. 292-295
Author(s):  
Chin-Yoong Wong ◽  
Yoke-Kee Eng
Keyword(s):  
Asset Price ◽  
Price Boom

scholarly journals Dispelling the Myth of the Naive Investor during the British Railway Mania, 1845–1846

2012 ◽  
Vol 86 (1) ◽  
pp. 3-41 ◽  
Author(s):  
Gareth Campbell ◽  
John D. Turner
Keyword(s):  
Asset Price ◽  
Anecdotal Evidence ◽  
Financial Bubbles ◽  
Price Boom ◽  
Better Than

Anecdotal evidence from the British Railway Mania and other historical financial bubbles suggests that many investors during such episodes are naive, thus contributing to the asset price boom. Using extensive investor records, we find that very few investors during the Railway Mania can be categorized as such. Although some interpretations of the Mania suggest that naive investors were expropriated by railway insiders, our evidence is inconsistent with this view as railway insiders contributed substantial amounts of capital, and their investments performed no better than those made by other experienced investors.

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