Are Financial Crashes Predictable?
AbstractWe critically review recent claims that financial crashes can be predicted using the idea of log-periodic oscillations or by other methods inspired by the physics of critical phenomena. In particular, the October 1997 `correction' does not appear to be the accumulation point of a geometric series of local minima.
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Date of creation: Apr 1998
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- G1 - Financial Economics - - General Financial Markets
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