Speculative behaviour, regime-switching and stock market crashes / by Simon van Norden and Huntley Schaller. : FB3-2/96-13E-PDF
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
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.571644&sl=1
| 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 | Bank of Canada working paper1701-939796-13 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Autres formats offerts | Papier-[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. Résumé en français. |
| Information sur la publication | Ottawa - Ontario : Bank of Canada October 1996. |
| Description | 60p.graphs, references, tables |
| ISSN | 1701-9397 |
| Numéro de catalogue |
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