Financial Market Bubbles and Crashes, Second Edition Features, Causes, and Effects /

• Κύριος συγγραφέας: Vogel, Harold L. (Συγγραφέας, http://id.loc.gov/vocabulary/relators/aut)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2018.
• Έκδοση: 2nd ed. 2018.
• Θέματα: Finance.; Financial crises.; Econometrics.; Macroeconomics.; Popular Science in Finance.; Financial Crises.; Macroeconomics/Monetary Economics//Financial Economics.

 Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price. . 

 1. Introduction -- 2. Bubble Stories -- 3. Crash Stories -- 4. Money and Credit Features -- 5. Random Walks -- 6. Rationality Rules -- 7. Behavioral Beats -- 8. Bubble Dynamics -- 9. Behavioral Risk Features -- 10. Estimating and Forecasting -- 11. Financial Asset Bubble Theory.