TY - BOOK AU - Evanoff,Douglas Darrell AU - Kaufman,George G. AU - Malliaris,A.G. TI - New perspectives on asset price bubbles: theory, evidence and policy SN - 9780199844340 (electronic book) AV - HG4636 .N49 2012 PY - 2012/// CY - New York PB - Oxford University Press KW - Business KW - Stocks KW - Prices KW - Securities KW - Capital market KW - Financial crises KW - Monetary policy N1 - Includes bibliographical references and index; PART I: Introduction ; Chapter 1. New Perspectives on Asset Price Bubbles: An Overview; PART II: Bubbles: Theory and Evidence; Chapter 2. Churning Bubbles; Chapter 3. Rethinking Theoretical Models of Bubbles: Reflections Inspired by theFinancial Crisis and Allen and Gorton's Paper "Churning Bubbles"; PART III: Consequences of Bubbles Bursting ; Chapter 4. The Japanese Banking Crisis: Where Did It Come From and How Will It End? N2 - This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now trigg UR - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=422195 ER -