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Bubble Contagion: Tokyo to Bangkok to New York

  • Charles P. Kindleberger
  • Robert Z. Aliber

Abstract

The first of the four distinct asset price bubbles in the last fifteen years of the twentieth century was in real estate and stocks in Tokyo in the second half of the 1980s, and the second, at about the same time, was in real estate and stocks of three of the Nordic countries — Finland, Norway, and Sweden. The third was in Bangkok, Kuala Lumpur, Jakarta, and Hong Kong and nearby national financial centers in the mid-1990s, and the fourth was in US stocks and especially those traded in the over-the-counter markets in the second half of the 1990s.

Keywords

Real Estate Stock Prex Initial Public Offering Foreign Exchange Market Trade Deficit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2005

Authors and Affiliations

  • Charles P. Kindleberger
  • Robert Z. Aliber

There are no affiliations available

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