Bubbles in the prices of the financial assets

Abstract

The empiric evidence has demonstrated the existence of bubbles in
the prices of the financial assets; this means that the assets are dealt with a
lower or higher value than the fundamental one. Given the previous, this
article intends to solve the following questions: What reasons are given
by the literature to explain the existence of bubbles in the prices of the
financial assets?, which are the implications of the existence of bubbles for
the public policy?, what investigations topics are related with this theme?
In order to answer these questions a review has been developed, mainly, of
articles published in academic journals. The reviewed articles discuss the
themes related to the bubbles in the price of the financial assets.