Abstract
Financial asset price bubbles are not unique to any time or place. They have been experienced in many different nations, eras, assets, and cultures. Had extensive money and credit creation and recording systems existed in earlier times, we can surmise that bubbles would have occurred then too.
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Vogel, H.L. (2021). Financial Asset Bubble Theory. In: Financial Market Bubbles and Crashes. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-79182-7_11
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DOI: https://doi.org/10.1007/978-3-030-79182-7_11
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