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BMAN10931 Financial and Digital Innovation in international business…
BMAN10931 Financial and Digital Innovation in international business 19/10/17 :warning:Bubbles and Crshes
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Dutch Tulip Mania
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17 century, first major economic bubble
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The Japanese Boom
1980s, the Japanese economy was growing rapidly, which became the second largest economy after the US
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1990, rising fears of inflation resulted in the rise of Japanese interest rate from 2.5% to 6% -> the bubble economy began to deflate dramatically
a speculative bubble is a peculiar kind of fad or social epidemic that is regularly seen in speculative markets; not a wild orgy of delusions but a natural consequence of the principles of social psychology coupled with imperfect news media and information channels
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China
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the Party treats its banks as basic utilities that provide unlimited capital to the cherished state-owned enterprises
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