Are there rational speculative bubbles in the Philippine stock market?
ASEAN stock markets have experienced episodes of long price run-ups followed by large drops over the past 20 years. These apparent bouts of boom and bust have prompted the popular press to conjecture the presence of speculative asset bubbles in these markets causing stock prices to deviate from fund...
| Published in: | Philippine Review of Economics Vol. L, no. 1 (Jun. 2013), 45-56 |
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| Main Author: | |
| Other Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
2013
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| Subjects: |