Briefing
Is a new asset bubble emerging in certain markets?
Abstract: Some economists have argued that recent rallies in certain asset markets ? most notably, commodities and emerging market equities ? represent the emergence of a new bubble fueled by accommodative monetary policy and carry trade activity. There is evidence, though, that the rallies can be explained by strong economic fundamentals in these markets.
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2010
Issue: Feb
Order Number: 10-02