Financial Market Crisis as a Phenomenon of Stock Market Overshooting. A Theoretical Analysis
An overly expansionary monetary policy stance (particularly in the USA) fuelled speculation on stock markets; when the bubble burst, economies fell into recession. These mechanisms are explained in a theoretical model with three inter-acting markets for money, equities and goods.
Empfohlene Zitation
Breuss, F. (2010). Financial Market Crisis as a Phenomenon of Stock Market Overshooting. A Theoretical Analysis. Austrian Economic Quarterly, 15(1), 78-85. https://www.wifo.ac.at/publication/pid/4075428.