Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128496
Authors: 
Evans, Trevor
Herr, Hansjörg
Year of Publication: 
2016
Series/Report no.: 
Working Paper, Institute for International Political Economy Berlin 62/2016
Abstract: 
The markets for foreign exchange, energy and residential housing have all been strongly affected by the deregulation and expansion of the financial sector. As a result, they have begun to follow the logic of asset markets. This was especially marked in the case of the foreign exchange market from the 1970s, but has also been the case to some extent for residential housing markets since the mid-1990s, and more strongly for energy markets since the early 2000s. Deregulation has led to far greater price volatility and the rise of unsustainable price and credit bubbles which, when they burst, can pose a significant threat to financial and economic stability. For this reason, these markets should be subjected to new and appropriate forms of regulation.
Subjects: 
asset bubbles
financial crises
foreign exchange rates
energy prices
house prices
JEL: 
E32
E44
E65
G18
G21
G28
Document Type: 
Working Paper

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