Financial Bubbles are a phenomena of money systems that relate to either structural incentives or peculiarities of human greed and fear. It is relevant to any speculative enterprise, especially new and difficult to understand technologies or financial instruments such as blockchain and bitcoin. Often compared to financial bubbles such as Tulips, Stocks, or Housing Swaps, it is important to have a historical understanding and more thorough analysis before casting judgement upon this new form of money.
To this end, here are the most cited publications with the phrase “financial bubble” within their text. There is quite a good range of topics and regions, including Latin America, Japan, Finland, Sweden, Amsterdam, London, and the us. There really is no isolated region or limit to the types of hypotheses for these emergent dynamics.
If one thing is clear, it is that as money systems are created by people, and people have fickle and untenable emotions and behaviors, these will continue to arise. Furthermore, to make clear this is not fully human based… even programmed systems such as algorithms have been shown to exhibit chaos and complexity beyond intentions. It is these properties and their connection to everyday lives that make the topic so interesting.
- "The onset of the East Asian financial crisis". S Radelet, J Sachs. 1998. *nber.org *. 3417 cites.
- "Technological revolutions and financial capital". C Perez. 2003. *books.google.com *. 2324 cites.
- "Capital inflows and real exchange rate appreciation in Latin America: the role of external factors". GA Calvo, L Leiderman, CM Reinhart. 1993. Springer Staff Papers. 2098 cites.
- "How did economists get it so wrong?". P Krugman. 2009. econ.ucdavis.edu New York Times. 1738 cites.
- "An equilibrium model of" global imbalances" and low interest rates". RJ Caballero, E Farhi, PO Gourinchas. 2008. aeaweb.org American economic review. 1443 cites.
- "Asset bubbles and overlapping generations". J Tirole. 1985. JSTOR Econometrica: Journal of the Econometric Society. 1366 cites.
- "Why stock markets crash: critical events in complex financial systems". D Sornette. 2017. *books.google.com *. 1354 cites.
- "Is a finance-led growth regime a viable alternative to Fordism? A preliminary analysis". R Boyer. 2000. Taylor & Francis Economy and society. 1197 cites.
- "The boom and the bubble: The US in the world economy". R Brenner. 2003. *books.google.com *. 1122 cites.
- "The crash of 2008 and what it means: The new paradigm for financial markets". G Soros. 2009. *books.google.com *. 1012 cites.
- "The great financial crisis: Causes and consequences". JB Foster, F Magdoff. 2009. *books.google.com *. 908 cites.
- "Urban political ecology, justice and the politics of scale". E Swyngedouw, NC Heynen. 2003. Wiley Online Library Antipode. 854 cites.
- "Why do firms imitate each other?". MB Lieberman, S Asaba. 2006. journals.aom.org Academy of management review. 718 cites.
- "Devil take the hindmost: A history of financial speculation". E Chancellor. 1999. *Macmillan Basingstoke *. 617 cites.
- "Explosive behavior in the 1990s Nasdaq: When did exuberance escalate asset values?". PCB Phillips, Y Wu, J Yu. 2011. Wiley Online Library International economic review. 607 cites.
- "Financialised capitalism: Crisis and financial expropriation". C Lapavitsas. 2009. booksandjournals.brillonline.com Historical Materialism. 540 cites.
- "The Chastening: Inside the crisis that rocked the global financial system and humbled the IMF". P Blustein. 2003. *books.google.com *. 531 cites.
- "Asset prices in a flexible inflation targeting framework". SG Cecchetti, H Genberg, S Wadhwani. 2002. *nber.org *. 446 cites.
- "Japan, the system that soured". R Katz. 2015. *taylorfrancis.com *. 403 cites.
- "The formula that killed Wall Street". F Salmon. 2012. Wiley Online Library Significance. 395 cites.
- "Dating the timeline of financial bubbles during the subprime crisis". PCB Phillips, J Yu. 2011. Wiley Online Library Quantitative Economics. 393 cites.
- "College: What it was, is, and should be". A Delbanco. 2012. *researchgate.net *. 392 cites.
- "Technological revolutions and stock prices". Ľ Pástor, P Veronesi. 2009. aeaweb.org American Economic Review. 350 cites.
- "The information-technology revolution and the stock market: Evidence". B Hobijn, B Jovanovic. 2001. aeaweb.org American Economic Review. 339 cites.
- "Urban political ecology". N Heynen, M Kaika, E Swyngedouw. 2006. academia.edu The nature of cities: Urban .... 313 cites.
- "Establishing a new intellectual property rights regime in the United States: Origins, content and problems". B Coriat, F Orsi. 2002. Elsevier Research policy. 305 cites.
- "Speed and information: Cyberspace alarm!". P Virilio. 1995. mmduvic.ca Ctheory. 286 cites.
- "Media frenzies in markets for financial information". LL Veldkamp. 2006. aeaweb.org American Economic Review. 275 cites.
- "'It's the romance, not the finance, that makes the business worth pursuing': disclosing a new market culture". N Thrift. 2001. Taylor & Francis Economy and society. 270 cites.
- "Global value chains in a postcrisis world: a development perspective". O Cattaneo, G Gereffi, C Staritz. 2010. *elibrary.worldbank.org *. 267 cites.
- "Speculative influences on commodity futures prices 2006-2008". CL Gilbert. 2010. *cftc.gov *. 266 cites.
- "Riding the south sea bubble". P Temin, HJ Voth. 2004. aeaweb.org American Economic Review. 246 cites.
- "Crises now and then: what lessons from the last era of financial globalization?". B Eichengreen, M Bordo. 2003. books.google.com ... Rate and Financial Markets: Essays in .... 246 cites.
- "Explaining the housing bubble". AJ Levitin, SM Wachter. 2011. HeinOnline Geo. LJ. 242 cites.
- "The double bubble at the turn of the century: technological roots and structural implications". C Perez. 2009. academic.oup.com Cambridge Journal of Economics. 239 cites.
- "Dragon-kings, black swans and the prediction of crises". D Sornette. 2009. arxiv.org arXiv preprint arXiv:0907.4290. 239 cites.
- "Crises now and then: What lessons from the last era of financial globalization". B Eichengreen, MD Bordo. 2002. *nber.org *. 237 cites.
- "The financial crisis: Who is to blame?". H Davies. 2010. *books.google.com *. 232 cites.
- "The neoliberal (counter-) revolution". G Duménil, D Lévy. 2005. researchgate.net Neoliberalism: A critical reader. 227 cites.
- "Industrial concentration and the capital markets: A comparative study of Brazil, Mexico, and the United States, 1830--1930". SH Haber. 1991. cambridge.org The Journal of Economic History. 220 cites.
- "Does the natural selection mechanism still work in severe recessions?: Examination of the Japanese economy in the 1990s". KG Nishimura, T Nakajima, K Kiyota. 2005. Elsevier Journal of Economic Behavior & .... 220 cites.
- "The onset of the East Asian financial crisis". S Radelet, J Sachs. 2000. nber.org Currency crises. 215 cites.
- "Why the new economy is a learning economy". BA Lundvall. 2004. Economia e politica industriale. Fascicolo 117, 2003. 212 cites.
- "The status quo crisis: Global financial governance after the 2008 meltdown". E Helleiner. 2014. *books.google.com *. 207 cites.
- "'Like gold with yield': Evolving intersections between farmland and finance". M Fairbairn. 2014. Taylor & Francis Journal of Peasant Studies. 204 cites.
- "Political credit cycles: the case of the Eurozone". J Fernández-Villaverde, L Garicano.... 2013. aeaweb.org Journal of Economic .... 197 cites.
- "Bubble of American supremacy". G Soros. 2003. *hashimori.com *. 194 cites.
- "Understanding the 2007--2008 global financial crisis: Lessons for scholars of international political economy". E Helleiner. 2011. annualreviews.org Annual Review of Political Science. 191 cites.
- "Foreign banks in emerging market crises: Evidence from Malaysia". E Detragiache, P Gupta. 2006. Elsevier Journal of Financial Stability. 184 cites.
- "Bubble diagnosis and prediction of the 2005--2007 and 2008--2009 Chinese stock market bubbles". ZQ Jiang, WX Zhou, D Sornette, R Woodard.... 2010. Elsevier Journal of economic .... 180 cites.
- "Time-lag cross-correlations in collective phenomena". B Podobnik, D Wang, D Horvatic, I Grosse.... 2010. iopscience.iop.org EPL (Europhysics .... 179 cites.
- "Business Vocabulary in Use Advanced with Answers". B Mascull. 2010. *books.google.com *. 179 cites.
- ""No One Saw This Coming": Understanding Financial Crisis Through Accounting Models". DJ Bezemer. 2009. *izvor-denarja.si *. 176 cites.
- "Correlation of financial markets in times of crisis". LS Junior, IDP Franca. 2012. Elsevier Physica A: Statistical Mechanics and its .... 175 cites.
- "Testing for multiple bubbles". P Phillips, S Shi, J Yu. 2012. *papers.ssrn.com *. 170 cites.
- "Finance and technical change: a long-term view". C Perez. 2011. journals.co.za African Journal of Science, Technology, Innovation and .... 166 cites.
- "Essay on the Nature of Trade in General". R Cantillon, AE Murphy. 2015. *muse.jhu.edu *. 163 cites.
- "Crisis and corporate social responsibility: threat or opportunity?". D Fernández-Feijóo Souto. 2009. *ceeol.com *. 155 cites.
- "The first crash: lessons from the South Sea Bubble". R Dale. 2004. *books.google.com *. 155 cites.
- "The four fallacies of contemporary austerity policies: the lost Keynesian legacy". R Boyer. 2012. academic.oup.com Cambridge journal of economics. 154 cites.
- "Minding the markets: An emotional finance view of financial instability". D Tuckett. 2011. *books.google.com *. 154 cites.
- "The downsizing of Asia". F Godement. 2012. *content.taylorfrancis.com *. 153 cites.
- "A Long Run House Price Index: The Herengracht Index, 1628--1973". PMA Eichholtz. 1997. Wiley Online Library Real estate economics. 149 cites.
- "Physics and financial economics (1776--2014): puzzles, Ising and agent-based models". D Sornette. 2014. iopscience.iop.org Reports on progress in physics. 145 cites.
- "The onset of the East Asian financial crisis". J Sachs, S Radelet. 1998. *online.sfsu.edu *. 141 cites.
- "Out-of-the-box thoughts about the international financial architecture". B Eichengreen. 2010. World Scientific Journal of International Commerce, Economics and .... 140 cites.
- "Old wine in new bottles: Subprime mortgage crisis-causes and consequences". M Mah-Hui. 2008. *papers.ssrn.com *. 133 cites.
- "A developing country view of the current global crisis: what should not be forgotten and what should be done". R Frenkel, M Rapetti. 2009. academic.oup.com Cambridge journal of economics. 132 cites.
- "The financialization of capital and the crisis". JB Foster. 2008. tomweston.net MONTHLY REVIEW-NEW YORK-. 129 cites.
- "Financial shock: a 360o look at the subprime mortgage implosion, and how to avoid the next financial crisis". M Zandi. 2008. *books.google.com *. 128 cites.
- "Globalized financial markets and financial crises". C Wyplosz. 1998. Citeseer Regulatory and supervisory challenges in a new era of .... 127 cites.
- "Europe jobless, America penniless?". P Krugman. 1994. JSTOR Foreign policy. 127 cites.
- "Gold and economic freedom". A Greenspan. 1966. miningstocks.com The Objectivist. 122 cites.
- "Monopoly-finance capital and the paradox of accumulation". JB Foster, RW McChesney. 2009. *books.google.com *. 120 cites.
- "Phantastic objects and the financial market's sense of reality: A psychoanalytic contribution to the understanding of stock market instability". D Tuckett, R Taffler. 2008. Taylor & Francis The International Journal of Psychoanalysis. 118 cites.
- "Types and forms of emergence". J Fromm. 2005. arxiv.org arXiv preprint nlin/0506028. 118 cites.
- "The US 2000‐2002 market descent: How much longer and deeper?". D Sornette, WX Zhou. 2002. Taylor & Francis Quantitative Finance. 117 cites.
- "The endless crisis". JB Foster, RW McChesney. 2012. search.proquest.com Monthly review. 115 cites.
- "Towards a new monetary paradigm: A quantity theorem of disaggregated credit, with evidence from Japan". RA Werner. 1997. eprints.soton.ac.uk Kredit und Kapital. 114 cites.
- "The financialization of accumulation". JB Foster. 2010. search.proquest.com Monthly review. 112 cites.
- "Financial bubbles, real estate bubbles, derivative bubbles, and the financial and economic crisis". D Sornette, R Woodard. 2010. Springer ... approaches to large-scale business data and .... 110 cites.
- "Virtual currency, tangible return: Portfolio diversification with bitcoin". M Briere, K Oosterlinck, A Szafarz. 2015. Springer Journal of Asset Management. 110 cites.
- "Financial crisis and global imbalances: its labour market origins and the aftermath". P Tridico. 2012. academic.oup.com Cambridge Journal of Economics. 109 cites.
- "The last shall be the first: the East European financial crisis". A Åslund. 2010. *books.google.com *. 109 cites.
- "The great financial crisis in Finland and Sweden: The dynamics of boom, bust and recovery, 1985-2000". L Jonung, J Kiander, P Vartia. 2009. books.google.com The Great Financial Crisis in .... 107 cites.
- "Commodity speculation and commodity investment". CL Gilbert. 2010. fao.org Market Review. 107 cites.
- "Financial crisis, gender, and power: An analytical framework". M Floro, G Dymski. 2000. Elsevier World Development. 104 cites.
- "Lessons from the North Atlantic financial crisis". W Buiter. 2008. researchgate.net The First Global Financial Crisis of the 21st Century. 103 cites.
- "Experiential learning: A handbook for education, training and coaching". C Beard, JP Wilson. 2013. *books.google.com *. 103 cites.
- "The boom and the bubble". R Brenner. 2000. search.proquest.com New Left Review. 102 cites.
- "Plunder and blunder: the rise and fall of the bubble economy". D Baker. 2009. *books.google.com *. 101 cites.
- "From shareholder value to CEO power: The paradox of the 1990s". R Boyer. 2005. journals.sagepub.com Competition & Change. 99 cites.
- "Political bubbles: Financial crises and the failure of American democracy". N McCarty, KT Poole, H Rosenthal. 2013. *books.google.com *. 97 cites.
- "Neoliberalism and the US economic expansion of the'90s". D Kotz. 2003. people.umass.edu MONTHLY REVIEW-NEW YORK-. 97 cites.
- "New actors in a financialised economy and the remaking of capitalism". J Froud, A Leaver, K Williams. 2007. Taylor & Francis New Political Economy. 97 cites.
- "ABS inflows to the United States and the global financial crisis". C Bertaut, LP DeMarco, S Kamin, R Tryon. 2012. Elsevier Journal of International .... 96 cites.
- "Understanding the geopolitical implications of the global financial crisis". W Xinbo. 2010. Taylor & Francis The Washington Quarterly. 94 cites.
- "Financial crises: past lessons and policy implications". D Furceri, A Mourougane. 2009. *search.oecd.org *. 93 cites.
- "Reflections on the crisis and on its lessons for regulatory reform and for central bank policies". A Cukierman. 2011. Elsevier Journal of Financial Stability. 91 cites.
- "Financial intermediation in the early Roman Empire". P Temin. 2004. cambridge.org The journal of economic history. 90 cites.
Republished with permission from the original source: https://blockchainlibrary.org/2018/10/most-cited-articles-about-financial-bubbles/
The Blockchain Library’s goals are twofold: to provide easy access to resources on cryptocurrency research for scholars, academics, analysts, and anyone with an interest in cryptocurrency publications; the second is provide an archive and historical timeline on the development of the blockchain field and to document the journey of its growth.
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Great list of resources....too many good articles to consider reading
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