This book aims at an ambitious goal, when it tries to capture one of the most controversial and obscure phenomena in economics, namely the "stock market bubbles". The author directly leads us to the heart of the topics, when he provides critical analysis of related literature from different economic schools. Special attributes can be derived from mathematical, experimental and literary economics that differentiate bubbles from other regular fluctuations of stock markets. The prime goal of this book is to give a comprehensive explanation to this phenomenon for a wide audience, and to provoke further discussions. Historical cases have been analyzed, e.g., booms and crashes in’ 20s, in the late’ 80s, and around the millennium. A cases study of Budapest Stock Exchange between 1996 and 2003 is also added. From time to time, we have to reconsider our knowledge of stock market bubbles, since there is a great chance that we are having just a bubble-like phenomenon before our eyes.
ABOUT THE AUTHOR Gyorgy Komaromi
Dr. Gyorgy Komaromi is Assistant Professor of Finance at CEU Business School in Budapest and College Professor in Finance at International Business School, Hungary. He teaches different courses in Finance in under-and postgraduate programs. He is currently working on the research project titled "Economic role and importance of the stock exchange in Hungary between 1864 and 2005" supported by OTKA (Hungarian Scientific Research Fund). His research interests also include behavioral and experimental aspects of financial decisions. He was educated at University of Miskolc (Hungary), Graduate School of Management of Rouen (France), and Pannon University (Hungary), where he received his PhD in Management and Business Studies in 2005. He has been full-time Assistant Professor of Finance at Management Development Centre of Budapest Corvinus University (1999-2001), and at Pannon University (2001-2006). He taught as a visiting lecturer at Budapest University of Technology and Economics (2004-2005) and has been ERASMUS exchange professor at University of Paris and Rovaniemi Politechnique, Finland (2002). He published several articles on topics such as Behavioral Finance, Corporate Finance and Institutional Economics and was awarded the Earhart Scholarship (USA) in 2003. He is a regular participant in international conferences and workshops.
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