Books in the Research in Financial Services: Private and Public Policy series

Consists of papers that were presented at three invited sessions at the annual meetings of the Western Economic Association in San Diego, California on July 8-10, 1999. This work includes the comments made by delegates at that time. The theme of the sessions was 'Bank Problems: A Global Perspective'.

Asset price bubbles have been and continue to be an area of major public policy concern in many countries. While we know that the bursting of such bubbles is painful and destructive to the economy, little is known of their causes. This volume examines aspects of asset price bubbles from the perspective of different times and different countries.