Speculative behaviour, regime-switching and stock market crashes / by Simon van Norden and Huntley Schaller. : FB3-2/96-13E
This paper uses regime-switching econometrics to study stock market crashes and to explore the ability of two very different economic explanations to account for historical crashes. The first explanation is based on historical accounts of manias and panics.... The second explanation is based on switches in fundamentals.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Speculative behaviour, regime-switching and stock market crashes / by Simon van Norden and Huntley Schaller. |
| Series title | Working paper1192-543496-13 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Note(s) | "This paper uses regime-switching econometrics to study stock market crashes and to explore the ability of two very different economic explanations to account for historical crashes. The first explanation is based on historical accounts of "manias" and "panics".... The second explanation is based on switches in fundamentals."--Abstract. N.B.: Incorrect ISBN (0-662-25160-1) printed in this publication. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1996. |
| Binding | Softcover |
| Description | 47p. : references, tables ; 28 cm. |
| ISBN | 0-662-25160-1 |
| ISSN | 1192-5434 |
| Catalogue number |
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