Remarks on financial crisis, speculative bubles and some specifics in the Czech Economy

Bochun Zhu (zhu_bochun@sp.edu.sg) and Bo?ena Kade?ábková (kaderabb@vse.cz)
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Bochun Zhu: University of Economics, Prague
Bo?ena Kade?ábková: University of Economics, Prague

No 7109710, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: This paper deals with financial crisis and bubbles on financial markets. Authors first compare theoretical approaches to the crisis, then identify common characteristics of past financial crisis and the recent crises, then analyze price bubbles as a possible source of the crisis, ways of their estimation and possible responses of economic policies. The analytical part is focused on the case of the Czech Republic, as the paper finds some specific features in the bubble performance in the Czech Republic, as the Czech economy was characterized by the low cost of labour and very low price of properties, a heritage of the transformation era.

Keywords: Financial crises; Speculative bubbles; Specifics features in the Czech economy (search for similar items in EconPapers)
JEL-codes: E32 G01 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2018-06
New Economics Papers: this item is included in nep-hme, nep-mac and nep-tra
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Published in Proceedings of the Proceedings of the 9th Economics & Finance Conference, London, Jun 2018, pages 61-70

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:7109710

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