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Financial Market Bubbles and Crashes
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Financial Market Bubbles and Crashes

423 kr

423 kr

Tidligere laveste pris:

427 kr

På lager

Ma., 30 juni - fr., 4 juli


Sikker betaling

14 dagers åpent kjøp


Selges og leveres av

Adlibris

Produktbeskrivelse

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.

Artikkel nr.

2a31b0fd-0c02-4bf4-ae0c-ef7ad8adbf37

Financial Market Bubbles and Crashes

423 kr

423 kr

Tidligere laveste pris:

427 kr

På lager

Ma., 30 juni - fr., 4 juli


Sikker betaling

14 dagers åpent kjøp


Selges og leveres av

Adlibris