Are the liquidity and collateral roles of asset bubbles different?

Several recent papers introduce different mechanisms to explain why asset bubbles are observed in periods of larger growth. These papers share common assumptions, heterogeneity among traders and credit market imperfection , but differ in the role of the bubble, used to provide liquidities or as coll...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2023, Vol.55, p.1443-1473
Hauptverfasser:	Clain-Chamosset-Yvrard, Lise, Raurich, Xavier, Seegmuller, Thomas
Format:	Artikel
Sprache:	eng
Schlagworte:	Economics and Finance Humanities and Social Sciences
Online-Zugang:	Volltext
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