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Speculative Bubbles
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Episodes in which the price of an asset, a bulb, a stock, a rail concession, rises far beyond any realistic return before collapsing, the asset-price-bubble category of the discipline's own crisis taxonomy. Belongs here: a speculative mania and its collapse considered as a single asset-price episode, from Tulip Mania through the dot-com bubble. Does not belong here: an asset-price collapse remembered chiefly for the banking failures it triggered rather than for the mania itself, grouped under Financial Panics and Banking Crises.
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