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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| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | Speculative behaviour, regime-switching and stock market crashes / by Simon van Norden and Huntley Schaller. |
| Titre de la série | Working paper1192-543496-13 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Papier |
| Autres formats offerts | Électronique-[Anglais] |
| 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 |
| Information sur la publication | Ottawa - Ontario : Bank of Canada 1996. |
| Reliure | Softcover |
| Description | 47p. : references, tables ; 28 cm. |
| ISBN | 0-662-25160-1 |
| ISSN | 1192-5434 |
| Numéro de catalogue |
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