International comparison of bubbles and bubble indicators

Abstract

The purpose of this paper is to analyze the financial turmoil of the US subprime loan crisis of mid-Noughties and to compare it with the Japanese asset bubble of late 1980s. While examining the two crises, it compares the monetary policies of both countries, focusing on the excess liquidity and expansion of bank loans that were seen. This paper develops… (More)
DOI: 10.1007/s00146-013-0469-8

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Cite this paper

@article{Yoshino2013InternationalCO, title={International comparison of bubbles and bubble indicators}, author={Naoyuki Yoshino and Tomoya Nakamura and Yoshitaka Sakai}, journal={AI & SOCIETY}, year={2013}, volume={29}, pages={427-434} }