Millions of lives can be ruined with the bursting of economic bubbles. Just in the past two decades alone, the world has had the misfortune of witnessing two such incidents; first with the dot-com burst, and then most recently, with the housing and sub-prime crisis that led to a global recession. While there is reportedly no cure for the greed, economists have made strides to identify and predict bubbles – thereby paving the way for institutional stopgaps that could well prevent a financial crisis.
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Finance and Accounting
Predictions for protection: A system to measure and detect asset bubbles. (2011). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/68