Cardozo Law Review
Abstract
In recent years, price bubbles appear to have developed in the real estate markets in several developed economies, including the United States, Australia, the United Kingdom, the Nordic countries, and Japan. Often these price increases in land have been accompanied by rapid run-ups in the price of equity securities in the domestic market. Because of the importance of real estate and equity security prices to economic activity, real estate and share price bubbles can damage the economy if they break and lead to price crashes.
Keywords
Banking and Finance Law, Prices, Contracts
Disciplines
Banking and Finance Law | Contracts | Law
Recommended Citation
Geoffrey P. Miller,
The Role of a Central Bank in a Bubble Economy,
18
Cardozo L. Rev.
1053
(1996).
Available at:
https://larc.cardozo.yu.edu/clr/vol18/iss3/9