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Financial Market Bubbles and Crashes
Engelsk
Bogcover for Financial Market Bubbles and Crashes af Harold L. Vogel, 9780521199674
Specifikationer
Sprog:
Engelsk
Sider:
384
ISBN-13:
9780521199674
Indbinding:
Hardback
ISBN-10:
0521199670
Kategori:
Udg. Dato:
14 dec 2009
Størrelse i cm:
24,2 x 16,7 x 2,7
Oplagsdato:
14 dec 2009
Forfatter(e):

Financial Market Bubbles and Crashes

Engelsk
Hardback 2009
Format:

Bog beskrivelse
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.
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Specifikationer
Sprog:
Engelsk
Sider:
384
ISBN-13:
9780521199674
Indbinding:
Hardback
ISBN-10:
0521199670
Kategori:
Udg. Dato:
14 dec 2009
Størrelse i cm:
24,2 x 16,7 x 2,7
Oplagsdato:
14 dec 2009
Forfatter(e):
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