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Asset price bubbles, that is, asset prices that exceed the assets’ fundamental
value, have always been a subject of interest to economists. Clear identification of
a price bubble is challenging, h...
Leverage Bubble
Leverage Bubble General Finance
2010/12/13
Leverage is strongly related to liquidity in a market and lack of liquidity is considered a cause and/or consequence of the recent financial crisis. A repurchase agreement is a financial instrument w...