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Type of publication: research article
Type of publication (PDB): Straipsnis recenzuojamoje Lietuvos tarptautinės konferencijos medžiagoje / Article in peer-reviewed Lithuanian international conference proceedings (P1e)
Field of Science: Ekonomika / Economics (S004)
Author(s): Raškinis, Dalius
Title: The phenomenon of financial bubbles : the case study of Lithuania
Is part of: Management horizons in changing economic environment: visions and challenges : 10th International Scientific Conference, Kaunas, Lithuania September 24-26, 2009. Kaunas : Vytauto Didžiojo universitetas, 2009
Extent: p. 707-714
Date: 2009
Keywords: Finance;Financial markets;Financial bubbles
ISBN: 9789955125044
Abstract: The phenomenon of financial bubbles is not a recent one: the first well-known case of financial bubbles happened in the middle of the 17th century (1639) in Holland and resulted in harsh economic and social consequences. The bulb bubble (broadly known as “tulip mania”) determined the temporary market mania for tulip bulbs: the recently introduced tulips reached extraordinarily high price levels yet after a while their prices suddenly and unexpectedly collapsed. Other infamous bubbles embrace the South Sea Bubble (1720), characterized by speculation in stocks and the resulting stock market crash, Wall Street Crash (1929), which contributed to the Great Depression, numerous real estate (or credit) bubbles that occurred during 1985-2008 in various countries (the USA, Japan, Great Britain, Norway, Sweden, Finland, etc.), including Lithuania, and partly caused the recent global economic crisis. Thus, the analysis of financial bubbles is crucial in order to understand their logics, mechanism and design the instruments of control. [...]
Affiliation(s): Finansų katedra
Vytauto Didžiojo universitetas
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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