Essays On Speculative Bubbles In Financial Markets PDF Download
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Author | : Oswald Mungule |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 124 |
Release | : 2012-08 |
Genre | : |
ISBN | : 9783659197666 |
Download Essays on Speculative Bubbles in Financial Markets Book in PDF, ePub and Kindle
Financial markets have been experiencing episodes of financial crises since the great depression of 1929. The busting of speculative bubbles is one of the causes of most financial crises. Financial crises cause welfare loses. Therefore, Mungule and Malikane's Essays on Speculative Bubbles in Financial Markets presents a thoroughly up-to-date and pedagogically rich advanced knowledge that fits perfectly into the newest segments of both financial and monetary economics course areas. Beginning with Chapter 1 on formation of speculative bubbles, central banks are encouraged to understand speculative bubbles dynamics, measurement issues and the implications of either responding or no response to the bubbles on macroeconomic variables. This edition provides international application of speculative bubbles, helping make issues of monetary policy implications of responding to asset price bubbles easy for policy makers and postgraduate students to understand.
Author | : Lii-Tarn Chen |
Publisher | : |
Total Pages | : 240 |
Release | : 1995 |
Genre | : Speculation |
ISBN | : |
Download Essays on Testing for Speculative Bubbles in the Stock Market Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 2 |
Release | : 1848 |
Genre | : |
ISBN | : |
Download Wir Unterzeichnete vereinigen uns, gemeinschaftlich dafür zu wirken, daß die bei der ersten Lesung angenommenen Grundlagen und Consequenzen des deutschen Bundesstaates ... Book in PDF, ePub and Kindle
Author | : Congmin Peng |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Essays on Bubbles in Financial Markets Book in PDF, ePub and Kindle
Author | : Andria C. Evripidou |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : |
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Author | : Brent Goldfarb |
Publisher | : Stanford University Press |
Total Pages | : 284 |
Release | : 2019-02-19 |
Genre | : Business & Economics |
ISBN | : 1503607933 |
Download Bubbles and Crashes Book in PDF, ePub and Kindle
“An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended.” —Choice Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In Bubbles and Crashes, Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles. Using a sample of eighty-eight technologies spanning 150 years, Goldfarb and Kirsch find that four factors play a key role in these episodes: the degree of uncertainty surrounding a particular innovation; the attentive presence of novice investors; the opportunity to directly invest in companies that specialize in the technology; and whether or not a technology is a good protagonist in a narrative. Goldfarb and Kirsch consider the implications of their analysis for technology bubbles that may be in the works today, offer tools for investors to identify whether a bubble is happening, and propose policy measures that may mitigate the risks associated with future speculative episodes.
Author | : José A. Scheinkman |
Publisher | : Columbia University Press |
Total Pages | : 137 |
Release | : 2014-07-08 |
Genre | : Business & Economics |
ISBN | : 0231537638 |
Download Speculation, Trading, and Bubbles Book in PDF, ePub and Kindle
As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions—Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles—such as excessive leverage, overconfidence, mania, and panic in speculative markets—and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.
Author | : Harold L. Vogel |
Publisher | : Springer Nature |
Total Pages | : 619 |
Release | : 2021-12-17 |
Genre | : Business & Economics |
ISBN | : 3030791823 |
Download Financial Market Bubbles and Crashes 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, 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 are 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 | : Peter Isard |
Publisher | : Springer Science & Business Media |
Total Pages | : 272 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9401140049 |
Download International Finance and Financial Crises Book in PDF, ePub and Kindle
International Finance and Financial Crises: Essays in Honor of Robert P. Flood, Jr. contains the proceedings of a conference held in honor of Robert P. Flood, Jr. Bob Flood has made important contributions to many areas of economic analysis, including regime switching, speculative attacks, bubbles, stock market volatility, macro models with nominal rigidities, dual exchange rates, target zones, and rules versus discretion in monetary policy. Contributors were invited to address any of the topics or others of their choosing. The results include five papers on topics in international finance; two of these papers, as well as the panel discussion, focus on speculative attacks and financial crises. The other three take new directions in exploring topics in which existing models leave much to be desired.
Author | : Mathias Binswanger |
Publisher | : Edward Elgar Publishing |
Total Pages | : 392 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : |
Download Stock Markets, Speculative Bubbles and Economic Growth Book in PDF, ePub and Kindle
Examining the role of speculative bubbles in the stock market, this text argues that, provided they are sustainable, bubbles may have a positive effect on the market. They may provide additional investment opportunities with the potential to increase aggregate profits and improve economic welfare.