Rational Speculative Bubbles in Central European Emerging Stock Markets
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00075843" target="_blank" >RIV/00216224:14560/14:00075843 - isvavai.cz</a>
Alternative codes found
RIV/47813059:19520/14:#0002931
Result on the web
<a href="http://www.tandfonline.com/doi/abs/10.2753/EEE0012-8775520403#.VRXIw0aJJAY" target="_blank" >http://www.tandfonline.com/doi/abs/10.2753/EEE0012-8775520403#.VRXIw0aJJAY</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2753/EEE0012-8775520403" target="_blank" >10.2753/EEE0012-8775520403</a>
Alternative languages
Result language
angličtina
Original language name
Rational Speculative Bubbles in Central European Emerging Stock Markets
Original language description
This study examines the existence of rational speculative bubbles in three Central European stock markets. The possibility of stock bubbles arises from historical stock market inefficiency as well as the most recent stock market boom and crash resultingfrom the US sub-prime mortgage crisis. In this study, we employ the duration dependence test for bubble detection, which provides reliable results for the specific properties of the studied markets. In addition to the stock market indices, the prices ofindividual blue chip stocks are investigated in order to identify the source of the bubble. We determined that there was an asset bubble in the Polish stock market in the period from 2004-2007 and narrow it down to chemical and energy company stocks. Speculative bubbles are also found in Hungarian renewable energy technology company stocks.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GAP403%2F11%2F2073" target="_blank" >GAP403/11/2073: Procyclicality of financial markets, asset price bubbles and macroprudential regulation</a><br>
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Eastern European Economics
ISSN
0012-8775
e-ISSN
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Volume of the periodical
52
Issue of the periodical within the volume
4
Country of publishing house
US - UNITED STATES
Number of pages
45
Pages from-to
47-91
UT code for WoS article
000348662500004
EID of the result in the Scopus database
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