Show simple item record

dc.contributor.authorPerez, Carlota
dc.date.accessioned2010-05-19T10:52:25Z
dc.date.available2010-05-19T10:52:25Z
dc.date.issued2009-04
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/225149
dc.description.abstractThis paper argues that the two boom and bust episodes of the turn of the Century – the Internet mania and crash of 1990s and the easy liquidity boom and bust of 2000s– are two distinct components of a single structural phenomenon. They are essentially the equivalent of 1929 developed in two stages, one centred on technological innovation, the other on financial innovation. Hence, the frequent references to that crash, to the 1930s and to Bretton Woods, are not simple journalistic metaphors for interpreting the “credit crunch” and its solution, but rather the intuitive recognition of a fundamental similarity between those events and the current ones. The paper holds that such major boom and bust episodes are endogenous to the way in which the market economy evolves and assimilates successive technological revolutions. It will discuss why it occurred in two bubbles on this occasion; it examines the differences and continuities between the two episodes and presents an interpretation of their nature and consequences.en
dc.language.isoenen
dc.publisherCFAP, Cambridge Judge Business School, University of Cambridgeen
dc.relation.ispartofseriesCFAP Working Paperen
dc.relation.ispartofseries31en
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.titleTechnological roots and structural implications of the double bubble at the turn of the Centuryen
dc.typeWorking Paperen
dc.type.versionpublished versionen


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record