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Calin Vâlsan, Elena Druica and Eric Eisenstat
We propose an agent-based model of financial markets with only one asset. Thirty-two agents follow very simple rules inspired by Wolfram?s Rule 110. They engage in buying, selling, and/or holding. Each agent is endowed with a starting balance sheet marke...
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Selcuk Kendirli,Muhammet Selcuk Kaya,Aykut Isleyen
Pág. 29 - 41
Financial literacy is the level of financial knowledge, attitude and behavior that enables individuals to manage their income, expenses and assets in a way that does not cause financial problems both today and in the future. As individuals' financial lit...
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Andre Tomfort
Pág. 46 - 55
Asset price bubbles and deep financial crises have occurred frequently over the past three decades. No wonder that decision makers are searching for ways to protect their economies. Recognizing price bubbles in time could be very helpful in this regard t...
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Kangan Jain,Sanjiv Pandiya
In the backdrop of the recent Demonetisation promulgated by the PM on the night of 8th Nov.,2016, this paper attempts to put together the opposing views among economists, highlight the direction in which cash is headed and also lists the way ahead for In...
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Julián Fernández Mejía,Jorge Mario Uribe
Pág. 83 - 103
This article analyzes different international share price indices for the period 1995-2013, in order to test for the existence and date of appearance of asset price explosions in the world?s stock markets. A sign test is employed to construct different i...
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Thiago Bergmann de Queiroz,Otávio Ribeiro de Medeiros,José Carneiro da Cunha Oliveira Neto
Pág. 257 - 275
The existence of bubbles in asset prices is a matter of great importance to governments and investors due to possible serious effects they may have on economies. In the case of shares, the presence of a price bubble can be seen by comparing prices and d...
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