This overvalued the currency, causing an increase in imports and thus a current-account deficit.
After a sharp price increase, the market collapses quickly again, but even after the crash, the market remains overvalued.
We can observe, however, phases in which the asset is undervalued (compared to the fundamental price) alternating with episodes in which it is overvalued.
He believes scholars overvalue ' liveness', and wants to make a case that recorded performance should be weighted equally.
The utility function for losses is 'steeper' than for gains, so losses are overvalued compared to equal gains.
He simply tends in his haste to overvalue his personal interests and to be thoughtless regarding the other's agency interests.
Their contribution is seen as often overvalued, except perhaps as founding myths.
They typically have overvalued currencies accompanied by continuous debt accumulation.
