[PDF.28ig] Rational Bubbles: Theoretical Basis, Economic Relevance, and Empirical..* Matthias Salge

(Free read ebook) Rational Bubbles: Theoretical Basis, Economic Relevance, and Empirical Evidence with a Special Emphasis on the German Stock Market (Lecture Notes in Economics and Mathematical Systems)

 | #4407669 in eBooks |  2012-12-06 |  2012-12-06 | File Name: B000Q7ZLWE

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3 On the Economic Relevance of Rational Bubbles 79 3. 1 Capital markets . . . . . . . . . 80 3. 1. 1 Efficient capital markets 86 3. 1. 2 Rational bubbles on capital markets. 93 3. 1. 3 Economic caveats . 103 3. 2 Foreign exchange markets 109 3. 3 Hyperinflation. . . . . . . 117 4 On Testing for Rational Bubbles 123 4. 1 Indirect tests . . . . . . . . . 123 4. 1. 1 Variance bounds tests 124 4. 1. 2 Specification tests . . . 137 4. 1. 3 Integration and cointegration test...

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