Market Bubbles and Crashes
Financial markets are typically expected to move in the same direction as the economy. But, after the COVID-19 pandemic, the two seemed to diverge raising concerns about the implications for broader stability.
Is a market bubble about to burst?
This whitepaper, from the CPA-Ivey Centre for Accounting and the Public Interest, explains why bubbles are so persistent and yet seem so surprising and irrational. The authors explain the anatomy of a bubble and offer insights on how accountants can contribute or help curb market bubbles.