Bubbles in the Australian equities market

Madsen, Daniel. (1997). Bubbles in the Australian equities market Honours Thesis, School of Economics, University of Queensland.

       
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Author Madsen, Daniel.
Thesis Title Bubbles in the Australian equities market
School, Centre or Institute School of Economics
Institution University of Queensland
Publication date 1997
Thesis type Honours Thesis
Total pages 116
Language eng
Subjects 14 Economics
Formatted abstract The purpose of this thesis is to examine whether bubbles exist in the Australian equities market, what their causes are and how they impact upon the real economy. Econometric evidence concludes that bubbles existed in the Australian equities market between December 1982 and December 1996. Econometric support is found for the rational bubble explanation although survey evidence expands this view to include a role for all of the proposed bubble causes. I recommend (providing costs do not exceed benefits) that exchange listed companies be required to publish periodic estimates of the fundamental value of their shares.

 
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Created: Tue, 23 Nov 2010, 11:41:27 EST by Muhammad Noman Ali on behalf of The University of Queensland Library