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Magical Tome

Placeholder cover for Tropical bubbles
First published
2001
Publisher
World Bank, Latin America and the Caribbean Region, Office of the Chief Economist

Tropical bubbles

The outer archives are busy

by Santiago Herrera

About this book

The authors examine if observed asset prices in Latin America depart significantly from fundamentals-determined levels. These departures, or bubbles, are found to be equally determined by both country-specific and common external variables, contrary to previous studies that found that local factors were predominant in asset price determination in Latin America.

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