Crisis, Debt, and Default The Effects of Time Preference, Information, and Coordination /

• Main Author: Ernstberger, Philip (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2016.
• Subjects: Finance.; Economic theory.; Economic policy.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Economic Policy.; Finance, general.

Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby, changes in fundamentals as well as information are considered as the driving force for the behavior of speculators and investors. The first essay deals with currency crises, in which the central bank,...

Table of Contents:

• The Dynamics of Currency Crises
• The Mispricing of Debt - Influences of Ratings on Coordination
• Probability of Default and Precision of Information.