Asset Bubbles and Financial Crises: An Analysis Based on the Three-Stage Theory

Zhou, Yimin and Wang, Zijin (2024) Asset Bubbles and Financial Crises: An Analysis Based on the Three-Stage Theory. In: Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27–29, 2023, Tianjin, China.

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Abstract

This paper primarily examines the three stages of bubbles—seeding, development, and culmination—emphasizing the role of expectations, changes in economic behavior, financial leverage, vicious cycles, upward trends, and herd behavior. The research provides essential insights for making informed polic

Item Type: Conference or Workshop Item (UNSPECIFIED)
Date Deposited: 04 Mar 2026 17:04
Last Modified: 17 Apr 2026 01:03
URI: http://eprints.eai.eu/id/eprint/46708

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