Relationship between Liquidity and Price Bubble in Tehran's Asset Market
In this paper, according to Austrian school, the existence of bubbles in asset market of Tehran from 1998 to 2009 is attributed to the unexpected fluctuations of liquidity. To find out the process of bubble, the state space form and Kalman filter are used and bubble is brought out as unobserved vari...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Isarder
2012-12-01
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| Series: | İşletme Araştırmaları Dergisi |
| Subjects: | |
| Online Access: | http://www.isarder.org/tr/2012cilt4no4/2012_vol.4_issue.4_article01_full%20text.pdf |