PL EN


2011 | 7 | 1 | 79-95
Article title

THE SPECULATION BUBBLE ON THE REAL ESTATE MARKET IN THE USA IN VIEW OF SELECTED OVERINVESTMENT THEORIES (Problem banki spekulacyjnej na rynku nieruchomosci w Stanach Zjednoczonych w swietle wybranych teorii przeinwestowania)

Authors
Title variants
Languages of publication
PL
Abstracts
EN
This paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the subprime crisis. The first part of the paper aims at defining the phenomenon of economic fluctuations and speculation bubble and presenting the most popular theories of overinvestment, which emphasize the importance of speculation phenomenon. The next part of the article describes direct causes of subprime crisis. Special attention has been paid to the processes taking place on the real estate market in the USA in the past fifteen years. The final section of the paper is a synthesis of theorems by the economists of Austrian School and Hyman Minsky, and then confronting them with real processes in the US economy in recent years.
Keywords
Year
Volume
7
Issue
1
Pages
79-95
Physical description
Document type
ARTICLE
Contributors
  • Mgr Pawel Bochenek, Instytut Badan i Analiz Finansowych, Wyzsza Szkola Informatyki i Zarzadzania w Rzeszowie, ul. Sucharskiego 2, 35-225 Rzeszów, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11PLAAAA093112
YADDA identifier
bwmeta1.element.3ee4c781-4269-3942-955b-8b6b7ab122ed
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