haku: @indexterm BUBBLES / yhteensä: 18
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| Tekijä: | |
| Otsikko: | Complex bubble persistence in closed-end country funds |
| Lehti: | Journal of Economic Behavior and Organization
1997 : JAN, VOL. 32:1, p. 19-37 |
| Asiasana: | CAPITAL ASSET PRICING MONEY MARKETS BUBBLES |
| Kieli: | eng |
| Tiivistelmä: | Through examining the behavior of closed-end country funds which posses well-defined fundamentals based on their net asset values, this study seeks to resolve the "misspecified fundamental" problem in speculative bubbles. Six funds are studied, during an episode when large premia emerged and subsequently disappeared. Rescaled range and regime schwitching tests are applyed , which reject the "no bubble" null hypothesis for these premia. The results are placed in a complex bubble model framework. |
SCIMA