Negative Bubbles: What Happens After a Crash
收藏NBER2017-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23830
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资源简介：
We study crashes using data from 101 global stock markets from 1692 to 2015. Extremely large, annual stock market declines are typically followed by positive returns. This is not true for smaller declines. This pattern does not appear to be driven by institutional frictions, financial crises,
提供机构：
美国国家经济研究局
创建时间：
2017-09-01
