Briefing

Is a new asset bubble emerging in certain markets?


Abstract: Some economists have argued that recent rallies in certain asset markets ? most notably, commodities and emerging market equities ? represent the emergence of a new bubble fueled by accommodative monetary policy and carry trade activity. There is evidence, though, that the rallies can be explained by strong economic fundamentals in these markets.

Keywords: Financial markets; Monetary policy;

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2010

Issue: Feb

Order Number: 10-02