Stages of the Ongoing Global Financial Crisis: Is There a Wandering Asset-Price Bubble?

House Price Indexes and the Global Financial Crisis

Why is this topic of house price indexes important? The Global Financial Crisis has several causes but a main cause was a housing bubble in the U.S. which led banks to make mortgage loans that were based on the assumption that house prices were not rising unusually quickly. If accurate regional house price indexes for the U.S. would have been widely available to the public, it is unlikely that ...

Crisis Transmission: Global Financial Crisis

The aim of this paper is to explore, empirically, the channels of crisis transmission with regard to the Global financial crisis. EMP-based crisis proxy is used for eight countries, which include Argentina, Brazil, Canada, Indonesia, Japan, Korea, Mexico and Russia. The period considered for estimation was Q1 2001 Q2 2010. Based on the Vector AutoRegression (VAR) and Ordinary Least Squares (OLS...

The Japanese Asset Price Bubble : A „ Heterogeneous ‟ Approach

The Impact of the International Financial Crisis on Asia and the Pacific: Highlighting Monetary Policy Challenges from a Negative Asset Price Bubble Perspective, November 2011

On The Price Sensitivities During Financial Crisis

The computation of the price sensitivities is of paramount importance in financial risk management. Several new approaches have been recently suggested in the literature for this purpose. However, there is lack of studies that investigate this issue during financial crises. During crises volatility is naturally higher than normal situations. This is going to affect the underlying option pricing...