Bubbles And Contagion In Financial Markets Volume 2 PDF Download
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Author | : Eva R. Porras |
Publisher | : Palgrave Macmillan |
Total Pages | : 266 |
Release | : 2017-11-16 |
Genre | : Business & Economics |
ISBN | : 9781137524416 |
Download Bubbles and Contagion in Financial Markets, Volume 2 Book in PDF, ePub and Kindle
This book focuses on extending the models and theories (from a mathematical/statistical point of view) which were introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles and contagion, volume II digs far more deeply and widely into the modeling aspects.
Author | : E. Porras |
Publisher | : Springer |
Total Pages | : 303 |
Release | : 2016-06-29 |
Genre | : Social Science |
ISBN | : 1137358769 |
Download Bubbles and Contagion in Financial Markets, Volume 1 Book in PDF, ePub and Kindle
Understanding the formation of bubbles and the contagion mechanisms afflicting financial markets is a must as extreme volatility events leave no market untouched. Debt, equity, real estate, commodities... Shanghai, NY, or London: The severe fluctuations, explained to a large extent by contagion and the fear of new bubbles imploding, justify the newly awaken interest in the contagion and bubble dynamics as yet again the world brazes for a new global economic upheaval. Bubbles and Contagion in Financial Markets explores concepts, intuition, theory, and models. Fundamental valuation, share price development in the presence of asymmetric information, the speculative behavior of noise traders and chartists, herding and the feedback and learning mechanisms that surge within the markets are key aspects of these dynamics. Bubbles and contagion are a vast world and fascinating phenomena that escape a narrow exploration of financial markets. Hence this work looks beyond into macroeconomics, monetary policy, risk aggregation, psychology, incentive structures and many more subjects which are in part co-responsible for these events. Responding to the ever more pressing need to disentangle the dynamics by which financial local events are transmitted across the globe, this volume presents an exhaustive and integrative outlook to the subject of bubbles and contagion in financial markets. The key objective of this volume is to give the reader a comprehensive understanding of all aspects that can potentially create the conditions for the formation and bursting of bubbles, and the aftermath of such events: the contagion of macro-economic processes. Achieving a better understanding of the formation of bubbles and the impact of contagion will no doubt determine the stability of future economies – let these two volumes be the starting point for a rational approach to a seemingly irrational phenomena.
Author | : Eva R. Porras |
Publisher | : Springer |
Total Pages | : 283 |
Release | : 2017-10-31 |
Genre | : Business & Economics |
ISBN | : 1137524421 |
Download Bubbles and Contagion in Financial Markets, Volume 2 Book in PDF, ePub and Kindle
This book focuses on extending the models and theories (from a mathematical/statistical point of view) which were introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles and contagion, volume II digs far more deeply and widely into the modeling aspects.
Author | : Eva R. Porras |
Publisher | : |
Total Pages | : |
Release | : 2016 |
Genre | : Capital market |
ISBN | : |
Download Bubbles and Contagion in Financial Markets Book in PDF, ePub and Kindle
"Asset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt crises. This book takes a quantitative approach to examining these phenomena and will appeal to practitioners who need to understand the repercussions of these events on trading exchanges and the markets"--
Author | : Eva R. Porras |
Publisher | : |
Total Pages | : 0 |
Release | : 2016 |
Genre | : Capital market |
ISBN | : |
Download Bubbles and Contagion in Financial Markets: An integrative view Book in PDF, ePub and Kindle
"Asset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt crises. This book takes a quantitative approach to examining these phenomena and will appeal to practitioners who need to understand the repercussions of these events on trading exchanges and the markets"--
Author | : Harold L. Vogel |
Publisher | : Springer |
Total Pages | : 477 |
Release | : 2018-08-16 |
Genre | : Business & Economics |
ISBN | : 3319715283 |
Download Financial Market Bubbles and Crashes, Second Edition Book in PDF, ePub and Kindle
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.
Author | : Friedrich L. Sell |
Publisher | : Edward Elgar Publishing |
Total Pages | : 248 |
Release | : 2001-01-01 |
Genre | : Business & Economics |
ISBN | : 9781781956250 |
Download Contagion in Financial Markets Book in PDF, ePub and Kindle
This book aims to integrate the notions of contagion in epidemiology and contagion in financial market crises to discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the contagious spill-over of recent financial market crises and models the pattern of these crises. He finds that the contagion between crises in emerging markets, such as that of the crises in Russia and Brazil in 1998-1999, is explicable, despite the fact that at first sight they appear to have little in common. Finally, Friedrich Sell integrates these findings to outline a proposal for a 'new international financial architecture'.
Author | : Harold L. Vogel |
Publisher | : Cambridge University Press |
Total Pages | : 471 |
Release | : 2009-12-14 |
Genre | : Business & Economics |
ISBN | : 1316101576 |
Download Financial Market Bubbles and Crashes Book in PDF, ePub and Kindle
Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory.
Author | : Stefan Palan |
Publisher | : Springer Science & Business Media |
Total Pages | : 179 |
Release | : 2009-10-03 |
Genre | : Business & Economics |
ISBN | : 3642021476 |
Download Bubbles and Crashes in Experimental Asset Markets Book in PDF, ePub and Kindle
This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a stock market modeled after the seminal work of Smith et al. (1988). To account for the increasing importance of online betting sites, subjects were also allowed to trade in a digital option market. The outcomes shed new light on how subjects form and update their expectations, placing special emphasis on the bounded rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and presented for the first time. The very interesting new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are developed, making the book an important step towards the research goal of preventing bubbles and crashes in financial markets.
Author | : William Quinn |
Publisher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2020-08-06 |
Genre | : Business & Economics |
ISBN | : 1108421253 |
Download Boom and Bust Book in PDF, ePub and Kindle
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.