Using a fad model with Markov-switching heteroscedasticity in both the fundamental and fad components (UC-MS model), this paper examines the possibility that the 1987 stock market crash was an example of a short-lived fad. While we usually think of fads as speculative bubbles, what the UC-MS model s
Celltech undeterred by crash of '87
β Scribed by Wenz, Charles
- Book ID
- 109751048
- Publisher
- Nature Publishing Group
- Year
- 1987
- Tongue
- English
- Weight
- 143 KB
- Volume
- 330
- Category
- Article
- ISSN
- 0028-0836
- DOI
- 10.1038/330005b0
No coin nor oath required. For personal study only.
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