Bubbles in the prices of the financial assets

The empiric evidence has demonstrated the existence of bubbles inthe prices of the financial assets; this means that the assets are dealt with alower or higher value than the fundamental one. Given the previous, thisarticle intends to solve the following questions: What reasons are givenby the liter...

Full description

Autores:
Alexander Guzmán Vásquez
María Andrea Trujillo Dávila
Tipo de recurso:
Fecha de publicación:
2011
Institución:
Universidad del Norte
Repositorio:
Repositorio Uninorte
Idioma:
spa
OAI Identifier:
oai:manglar.uninorte.edu.co:10584/4791
Acceso en línea:
http://rcientificas.uninorte.edu.co/index.php/pensamiento/article/view/3479
http://hdl.handle.net/10584/4791
Palabra clave:
Rights
License
http://purl.org/coar/access_right/c_abf2
Description
Summary:The empiric evidence has demonstrated the existence of bubbles inthe prices of the financial assets; this means that the assets are dealt with alower or higher value than the fundamental one. Given the previous, thisarticle intends to solve the following questions: What reasons are givenby the literature to explain the existence of bubbles in the prices of thefinancial assets?, which are the implications of the existence of bubbles forthe public policy?, what investigations topics are related with this theme?In order to answer these questions a review has been developed, mainly, ofarticles published in academic journals. The reviewed articles discuss thethemes related to the bubbles in the price of the financial assets.