This thesis deals with the issue of quantitative easing and the risks associated with this policy. Specifically, it is analysing the possibility of a price bubble in the stock market and real estate market as a result of quantitative easing. To identify the presence of a speculative bubble in the stock market are used indicators CAPE and Tobin's Q. It is also analysed the development of the loans granted to purchase shares. For the evaluation of real estate prices is used the ratio between the index of real estate prices and rents index. It also analyses the evolution of the number of newly issued homes and their sales. The values of those indicators show that the stock market is currently highly overvalued. On the contrary, the real estate market situation does not depart from the norm. The main result of this thesis is identification of overvaluation of the US stock market and putting into context with quantitative easing.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:191271 |
| Date | January 2015 |
| Creators | Náhlík, Tomáš |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
Page generated in 0.0103 seconds