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Tropical Bubbles : Asset Prices in Latin America, 1980-2001

The authors test for the existence of asset price bubbles in Latin America in 1980-2001, focusing mainly on stock prices. Based on unit root and cointegration tests, they find that they cannot reject the hypothesis of bubbles. They arrive at the sa...

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Bibliographic Details
Main Authors: Herrera, Santiago, Perry, Guillermo
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
AGGREGATE DEMAND
ASSET PRICE BUBBLES
ASSET PRICES
ASSET PRICING
AUTOREGRESSION
BANK LENDING
BANKING CRISES
BANKING SYSTEMS
BENCHMARK
BONDS
CAPITAL FLOWS
CD
CENTRAL BANK
CPI
DEBT
DEVALUATION
DISCOUNTED VALUE
DIVIDENDS
ECONOMIC ACTIVITY
ECONOMIC OUTLOOK
EMERGING MARKETS
EQUILIBRIUM
EQUITY MARKETS
EXCHANGE RATE
EXCHANGE RATES
EXPECTED RETURNS
EXPECTED VALUES
FINANCIAL SECTOR
GDP
GROWTH RATE
INFLATION
INTEREST RATES
MARKET ECONOMIES
MARKET PRICES
MONETARY POLICY
MONEY SUPPLY
OVERVALUATION
PERFECT INFORMATION
PRESENT VALUE
PRICE INDEX
PRICE INDEXES
PRICE VOLATILITY
PRICING MODELS
REAL INTEREST RATE
REAL RATE OF INTEREST
SECURITIES
SPREAD
STATISTICAL ANALYSIS
STOCK MARKETS
STOCK PRICES
STOCKS
STRUCTURAL CHANGE
TERMS OF TRADE
TRADE SHOCKS
TREASURY BILLS
TROUGH
TRUSTS
UNDERESTIMATES
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/2001/11/1643370/tropical-bubbles-asset-prices-latin-america-1980-2001
http://hdl.handle.net/10986/19441

Internet

http://documents.worldbank.org/curated/en/2001/11/1643370/tropical-bubbles-asset-prices-latin-america-1980-2001
http://hdl.handle.net/10986/19441

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