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The empiric evidence has demonstrated the existence of bubbles inthe prices of the financial assets; this means that the assets are dealt with alower or higher value than the fundamental one. Given the previous, thisarticle intends to solve the following questions: What reasons are givenby the literature to explain the existence of bubbles in the prices of thefinancial assets?, which are the implications of the existence of bubbles forthe public policy?, what investigations topics are related with this theme? In order to answer these questions a review has been developed, mainly, ofarticles published in academic journals. The reviewed articles discuss thethemes related to the bubbles in the price of the financial assets.