Factors of Occurrence of Speculative Bubbles on the Financial Markets

Okolnosti výskytu spekulativních bublin na finančních trzích

Jitka Veselá

Český finanční a účetní časopis, 2011, vol. 2011, issue 3, 6-21

Abstract: This article is focused on occurrence of speculative bubbles on the financial markets in the context of financial crises. The article explains the term of speculative bubble and offers several alternative explanations of speculative bubbles. An attention is paid to rational and irrational behavior of individual, crowd, market and psychological factors as well. There are in more detail discussed the circumstances of bubbles of 20th, 80th and the end of 90th of the last century and recent real estate bubble. At the end, a question whether the possibility forecasting of speculative bubbles occurrence on the financial market is mentioned.

Keywords: Speculative Bubble; Crowd Psychology; Behavioral Finance; Spekulativní bublina; Davová psychologie; Behaviorální finance (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.18267/j.cfuc.110

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