Hidden Collective Factors in Speculative Trading A Study in Analytical Economics /

What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis s...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Roehner, Bertrand M. (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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100 1 |a Roehner, Bertrand M.  |e author. 
245 1 0 |a Hidden Collective Factors in Speculative Trading  |h [electronic resource] :  |b A Study in Analytical Economics /  |c by Bertrand M. Roehner. 
264 1 |a Berlin, Heidelberg :  |b Springer Berlin Heidelberg,  |c 2009. 
300 |a XXII, 312 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
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505 0 |a PROLOGUE -- Overall view of speculative markets -- HIDDEN COLLECTIVE DETERMINANTS -- Rational? -- Joint crashes -- Contagion of speculative frenzy -- REGULARITIES IN SPECULATIVE EPISODES -- Peak amplitude: the price multiplier effect -- Peak shape: the sharp peak - flat trough pattern -- Stock market bubbles -- THE TRIUMPH OF NEOLIBERALISM -- Triumph of neoliberalism in economics -- Triumph of neoliberalism in society -- Triumph of neoliberalism in finance -- Is there a way out?. 
520 |a What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis shows that there was a "phase transition" in the United States around 1975 which brought the following changes: - The stagnation of real wages over the past 30 years and a parallel rise in indebtment levels. - The abrupt fall in unionization rates and in the number of strikes. - The development of tax havens which deprived states of tax revenue. - The globalization of financial transactions which hinders long-term investment. 
650 0 |a Finance. 
650 0 |a Economics, Mathematical. 
650 0 |a Combinatorics. 
650 0 |a Statistical physics. 
650 0 |a Dynamical systems. 
650 1 4 |a Finance. 
650 2 4 |a Finance, general. 
650 2 4 |a Quantitative Finance. 
650 2 4 |a Combinatorics. 
650 2 4 |a Statistical Physics, Dynamical Systems and Complexity. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783642030475 
856 4 0 |u http://dx.doi.org/10.1007/978-3-642-03048-2  |z Full Text via HEAL-Link 
912 |a ZDB-2-SBE 
950 |a Business and Economics (Springer-11643)