[On August 12-13, 2005, the department of finance at the Kelley School of Business, Indiana University, collaborated with the "Review of Financial Studies" to host a conference titled "The Causes and Consequences of Recent Financial Market Bubbles." This article begins with our overview of the themes and findings of the conference, and it ends with the questions that the literature has yet to answer.]

On August 12–13, 2005, the department of finance at the Kelley School of Business, Indiana University, collaborated with the Review of Financial Studies to host a conference titled “The Causes and Consequences of Recent Financial Market Bubbles.” This article begins with our overview of the themes and findings of the conference, and it ends with the questions that the literature has yet to answer.