A period of excessive lending in one sector of the economy or in the economy as a whole is followed by abrupt, panic-like capital withdrawals. – See equity bubble, accelerator, financial, bear market, cyclical, crash, euphoria phase, gambling effect, high flyer, hindsight, myopia, short-selling ban, rally, risk perception, runup, rush to exit, sell out, speculative bubble, tulip crash, overexposure, exuberance, unreasonable, recovery. – Cf. ECB Monthly Bulletin, April 2005, pp. 62 f. (with references).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/