The Japanese Asset Price Bubble: Evolvement and Consequences


Andre Tomfort

Abstract


Asset price bubbles and deep financial crises have occurred frequently during the past three decades. It began with the Japanese stock and housing market in the eighties, the technology bubble in stock markets before the millennium, and the housing bubble in the US and other countries, just to name a few. Such a degree of financial instability with extreme economic and social costs is unusual in economic history. To be able to find measures and their optimal timing to protect against these events a deeper understanding of the causes, evolvement and consequences of asset price bubbles is needed. The aim of this paper is to contribute to an improvement of that understanding by analyzing the historical case of the Japanese asset price bubble on the housing and stock market. The added value of such an analysis may come from the availability of today´s research, experiences and econometric techniques.

Keywords


Japanese asset price bubble, Historical descriptive and empirical analysis, Eclectic valuation approach.

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About this article

Title

The Japanese Asset Price Bubble: Evolvement and Consequences

Keywords

Japanese asset price bubble, Historical descriptive and empirical analysis, Eclectic valuation approach.

DOI

10.20448/journal.501.2017.42.132.141

Date

2017-09-27

Additional Links

Manuscript Submission

Journal

Asian Journal of Economics and Empirical Research
Vol 4, No 2 (2017) Page: 132-141

Print ISSN

2518-010X

Online ISSN

2409-2622

Statistics

120 Views | 116 Downloads

Citations

0

Authors & Affiliations

Andre Tomfort
Professor for International Finance, Berlin School of Economics and Law
Germany


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Asian Journal of Economics and Empirical Research

 Online ISSN: 2409-2622 | Print ISSN: 2518-010X

 

 

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