Second, it increases global asset demand, generating asset price inflation.

But it paid a price for this bank funded investment boom.

Keeping interest rates low discouraged capital inflows and encouraged asset price inflation.

Furthermore, establishing accurate asset price levels is essential to a well functioning market.

The net result was overheating asset price booms and inflation across the emerging world.

Unfortunately, contemporary economic theory, with its presumption of perfect price discovery in asset markets, has discouraged economists and policymakers from paying any attention to the role of asset price swings in managing systemic risk.

After two years of rate increases, Australia's home price boom only recently shows signs of abating.

That belief can be traced to prevailing economic theory concerning the causes of asset price instability a theory that accounts for risk and asset price fluctuations as if the future followed mechanically from the past.

Admittedly, the global commodity price boom has had profound, albeit enormously complex and uncertain, effects on poverty.

First, it contributes to yen depreciation and dollar appreciation as carry traders switch out of yen. Second, it increases global asset demand, generating asset price inflation.

This massive wave of liquidity searching for yield fueled temporary asset price reflation around the world.

And boom, boom, boom. The president of Mongolia.

The deficiency of IFRS is that it does not mitigate systemic contagion resulting from asset price movements.

But it is inducing massive capital flows to emerging markets, where they are generating asset price bubbles.

Some laws require a market valuation of an asset through sale, whereby the highest price available in the market for the asset is obtained via tender or auction.

These successes, combined with the 1990 s boom and the seeming durability of price stability, reinforced Greenspan s exalted status.

The connection between financial risk and asset price swings emerges from the use of a new approach Imperfect Knowledge Economics (IKE) to understanding risk and fluctuations in asset markets.

Silence can be presumed to be tacit acceptance that rapid increases in long term asset price are warranted.

That way, wage income, not debt and asset price inflation, can again provide the engine of demand growth.

NEW YORK The decade long commodity price boom has come to an end, with serious implications for global GDP growth.

(b) Acquisition security right means a security right in an asset that secures the obligation to pay any unpaid portion of the purchase price of the asset or other obligation incurred to enable the grantor to acquire the asset.

Using DCF to analyze commercial real estate during any but the early years of a boom market will lead to overvaluation of the asset.

Huge boom. Huge boom. Huge bust.

A vicious cycle of asset price correction and weaker growth, together with downside surprises that are not currently priced by markets, could lead to further asset price declines and even weaker growth a dynamic that drove the global economy into recession in the first place.

In effect, the new cycle locks the Fed into an unstable stance whereby it must prevent asset price declines to avert recession, yet must also promote asset bubbles to sustain expansions.

But, in general, an asset is an asset, and you still hear complaints from people who don t understand why the guy next to them in an airplane paid a lower price.

With the price earnings ratio remaining stable and moderate, the stock market boom does not appear to reflect merely investor psychology.

The collapse of the Japanese asset price bubble was a major factor, as it frustrated commercial development in Tokyo generally.

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Huge boom. Huge boom. Huge bust. Huge bust.

During a boom, people considering getting into asset markets weigh the fear of regret if they don t against the pain of possible loss if they do.

A continuation of today s commodity price boom seems more likely, for it has more of a new era story attached to it.

As a result, the price boom is boosting windfall profits for the owners of oil deposits rather than improving countries' public finances.

If asset price bubbles develop, balance sheets may look sound individually, but the entire network of interlinked asset liability structures will become increasingly dependent on overvalued collateral, and thus vulnerable to financial contagion.

With household wealth seriously damaged by the housing crash and other asset price declines, pensions and retirement provisions are in disarray.

We do not want to inflate another asset price bubble on the scale of the one that burst in 2007 2008.

The growth slowdown is a much greater concern than the recent asset price volatility, even if the latter grabs more headlines.

Thus, when Morales came to power, Bolivia s economy was in a position to take advantage of the global price boom for raw materials.

And they go up to the cath lab and boom, boom, boom get rid of the clot.

Uhoh. Boom.