I am Professor in the Economics of International Financial Development, http://www.rug.nl/staff/d.j.bezemer/
Location Zernike campus, room DUI513 Duienberg Building
( I m copying my contribution just posted in the previous discussion, - it seems also helpful to the question "how do we know we're in a bubble? when is a price rise 'too much'?)
Fragility is a helpful concept but how to use it? Admittedly that is hard, but not impossible. Here is a great paper by Claudio Borio and William White:...
Great discussions here. A recurring theme is the SO WHAT concern. Fragility is a helpful concept but how to use it? Admittedly that is hard, but not impossible. Here is a great paper by Claudio Borio and William White:
Already in 2004 they noted that credit growth coupled with asset price rises is an excellent indicator...
hi all, great you are participating in this. I am going to respond to a couple of your points. More no doubt at Wednesday's hangout session .
- I fully agree with John that some people DID predict the crisis. In fact, I got quite upset when in 2009 or thereabouts central bankers and top academics threw their hands into the air saying 'don't blame us, no one...