IMPORTANT THEORETICAL BACKGROUNDS FOR THE ANALYSIS OF THE ASSET BUBBLES IN ASIA

Sau-Leung PAUL Yip

Chapter 1 in From the Global Financial Tsunami to the Property Bubbles in Asia:The Need for a New Discipline on Macroeconomic Management, 2019, pp 3-23 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Since 2009, the author has written a large number of policy articles explaining that the US quantitative easing (QE) would help the global economy avoid a great depression similar to that in the 1930s. However, the QE would alsoseed the possibility of asset bubbles and then crises in economies outside the US; andcause a huge global exchange rate cyclein the later phase of the global economic recovery (i.e., when the US interest rate and the US dollar start to rebound substantially during the later phase of the US economic recovery)…

Keywords: Asset Bubble; Asset Inflation; Economic Crisis; Global Financial Tsunami; Global Financial Crisis; European Debt Crisis; Asian Financial Crisis; Property Market; Stock Market; Macroeconomic Policies; Asia; Housing Policy (search for similar items in EconPapers)
JEL-codes: D00 E00 (search for similar items in EconPapers)
Date: 2019
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