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Factors of Occurrence of Speculative Bubbles on the Financial Markets
[Okolnosti výskytu spekulativních bublin na finančních trzích]

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  • Jitka Veselá

Abstract

This article is focused on occurrence of speculative bubbles on the financial markets in the context of financial crises. The article explains the term of speculative bubble and offers several alternative explanations of speculative bubbles. An attention is paid to rational and irrational behavior of individual, crowd, market and psychological factors as well. There are in more detail discussed the circumstances of bubbles of 20th, 80th and the end of 90th of the last century and recent real estate bubble. At the end, a question whether the possibility forecasting of speculative bubbles occurrence on the financial market is mentioned.

Suggested Citation

  • Jitka Veselá, 2011. "Factors of Occurrence of Speculative Bubbles on the Financial Markets [Okolnosti výskytu spekulativních bublin na finančních trzích]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2011(3), pages 6-21.
    • Handle: RePEc:prg:jnlcfu:v:2011:y:2011:i:3:id:110:p:6-21
    DOI: 10.18267/j.cfuc.110
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    More about this item

    Keywords

    Speculative Bubble; Crowd Psychology; Behavioral Finance; Spekulativní bublina; Davová psychologie; Behaviorální finance;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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