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1. CIB/feb08/lec1+2/fot 1 Markets, risks & “rewards”. What is happening today?
2. CIB/feb08/lec1+2/fot 2 Peter Fonkert E-mail: p.fonkert@chello.nl
Website: www.innorec.nl
3. CIB/feb08/lec1+2/fot 3 Asset price inflation Dynamic process Impulse: - stock price boom (accommodative monetary policy, financial deregulation, new IT economy,…) - house price boom (low interest rates, supply/ demand conditions, easing of credit conditions) Asset price bubble develops because of … herd behaviour and adaptive expectations role of chartists asymmetric investment advises from analysts