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Why were the bubbles in real estate and in stocks in Japan in the second half of the 1980s, the similar bubbles in Bangkok and

  1. Why were the bubbles in real estate and in stocks in Japan in the second half of the 1980s, the similar bubbles in Bangkok and financial centers in the nearby Asian countries in the mid-1990, and the bubble in the US stock prices in the second half of the 1990s were systemically related?

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