Testing for speculative bubbles in stock prices

Asli Demirguc-Kunt and Hashem Dezhbakhsh

No 8807, Working Paper from Federal Reserve Bank of Cleveland

Abstract: A modification of Kenneth West's method for investigating speculative bubbles in stock prices, in which a direct test of the "no bubble" hypothesis is applied to long-term annual U.S. stock-market data.

Keywords: Stock; -; Prices (search for similar items in EconPapers)
Date: 1988

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