Money is the roof of asset bubbles

Makoto Watanabe, Yu Awaya and Kohei Iwasaki

No 24-001E, CIGS Working Paper Series from The Canon Institute for Global Studies

Abstract: This paper examines how monetary expansion causes asset bubbles. Whenthere is no monetary expansion, a bubbly asset is not created due to a hold-upproblem. Monetary expansion increases buyers money holdings, and then, dealersare willing to buy a worthless asset from sellers, in hopes of selling it to buyers

Pages: 30
Date: 2024-01
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fdg, nep-his and nep-mon
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Related works:
Working Paper: Money Is the Root of Asset Bubbles (2024)
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