Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5083294 | International Review of Economics & Finance | 2016 | 14 Pages |
Abstract
We study the Chinese stock market crash of 2015. We find that Chinese investors overreact to the government policies that may boost the stock market. This overreaction creates the equity bubble and eventually results in the stock market crash. We also find that fiscal policies excite the equity market more than monetary policies.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Dehong Liu, Hongmei Gu, Tiancai Xing,