Title:  Financial Crises and Asset Bubbles 

Speaker: Professor Jianjun Miao

Time: 15th April, 18:30

Venue: Godlen Hall

Abstract:  Financial crises tend to share common causes and are frequently associated with asset bubbles and collapses. This talk examines the definitions of financial crises and asset bubbles, explores methods for identifying them, and analyzes their underlying causes. Additionally, it discusses seven major historical episodes of asset bubbles.

Profile: Professor Jianjun Miao is a professor of economics at the Department of Economi-cs,Boston lniversity,a Fellow of the Economic Theory PromotionAssociation (Fellow of SAET), and a Senior Research Fellow (SeniorFellow of Asian Bureau of Finance and Economic Research (ABFER))at theInstitute of Asian Economic and Financial Studies. He also serves asdeputy editor of the ournals *Economic Theory* and *acroeconomicDynamics*, and former deputy editor of *Journal of Mathematical Economics* and *uantitative conomics*, Miao is the founder of the (hinaInternational Conference on Macroeconomics (CICM)and the China Macroeconomic Research Forum. He graduated from the lniversity of Scienceand Technology of China in 1992 with a Bachelor's degree in Mathemati-and subsequently obtained a Master's degree in Economics from SunC5，Yat-sen lniversity, a Master's degree in Finance from Queen's lniversity, Canada, and a Ph.D, in Economics from the lniversity of Rochester,USA, His research focuses on the macroeconomic impact of bubbles andcrashes,decision theory and applications under uncertainty,rationalneglect,business cycles,fiscal and monetary policies,damic contracts, and continuous time finance, fis research spans multiple disciplines,including macrocconomics and finance,as wellas decisiontheory, public finance,and industrial organization theory. The mainpublished journals include 《American Economic Review》,《American Economic Journal: Macroeconomics》,《Econometrica》,《International Economic Review》,《Journal of conomic Theory》,《Journal of Finance》《Journal of Financial Economics》,《Journal of Monetary Economics》《Proceedings of the National Academy of Sciences》,《Review of Financial Studies》,and Theoretical Economies, the world's top economicsand finance journals, He has published three monographs on economicsand won the Best Paper Award of China International Finance Annua]comerence.