This paper surveys the academic literature concerning the formation of pricing bubbles in
digital currency markets. Studies indicate that several bubble phases have taken place in …

This paper reviews the literature on financial crises focusing on three specific aspects. First,
what are the main factors explaining financial crises? Since many theories on the sources of …

This paper provides a systematic review of the empirical literature based on the major topics
that have been associated with the market for cryptocurrencies since their development as a …

This paper examines the impact of social trust on stock price crash risk. Social trust
measures the level of mutual trust among the members of a society. Using a large sample of …

Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

We present an extrapolative model of bubbles. In the model, many investors form their
demand for a risky asset by weighing two signals—an average of the asset's past price …

This study tests two opposing views of institutional investors—monitoring versus short-
termism. We present evidence that institutional investor stability is negatively associated with …

Survey evidence suggests that many investors form beliefs about future stock market returns
by extrapolating past returns. Such beliefs are hard to reconcile with existing models of the …

Rational bubbles under symmetric information are studied in settings in which all agents
have rational expectations and share the same information. There are several theoretical …

This chapter surveys the literature on bubbles, financial crises, and systemic risk. The first
part of the chapter provides a brief historical account of bubbles and financial crisis. The …