Beyond bubbles: the role of asset prices in early-warning indicators

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Borradores de Economía; No. 457
Date published
2007-09-20
Date of last update
2007-09-20
Author
Gómez-González, Esteban
Rozo, Sandra
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Asset prices have recently become a common topic in economic debate. Nevertheless, much time has been spent in determining if they effectively exhibit a bubble component, and not in examining whether asset prices affectively contain relevant information c
JEL Codes
G12 - Asset Pricing; Trading Volume; Bond Interest RatesE58 - Central Banks and Their PoliciesE44 - Financial Markets and the MacroeconomyG18 - General Financial Markets: Government Policy and Regulation
Keywords
Asset price bubbles ; Early-warning indicators ; Present value model ; Financial crisis ; Prudential regulation ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5475
https://hdl.handle.net/20.500.12134/5475
https://doi.org/10.32468/be.457
https://ideas.repec.org/p/bdr/borrec/457.html
https://ideas.repec.org/p/col/000094/004245.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit