Augustine O. Ekechi
Abstract
This paper empirically examines the rational speculative bubbles in LDC securities markets. The evidence points to a positive and multiplying bubble premium before the October 1987 stock market crash. Generally, the evidence is congruous with the hypothesis of rational speculative bubbles.
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This paper empirically examines the rational speculative bubbles in LDC securities markets. The evidence points to a positive and multiplying bubble premium before the October 1987 stock market crash. Generally, the evidence is congruous with the hypothesis of rational speculative bubbles.
Key concepts: Rational expectations, Stock market bubble, Economics, Financial economics, Stock market, Monetary economics, Crash, Stock (firearms)