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.
Автор: Azar Karimov Название: Identifying Stock Market Bubbles ISBN: 3319650084 ISBN-13(EAN): 9783319650081 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book introduces readers to a new approach to identifying stock market bubbles by using the illiquidity premium, a parameter derived by employing conic finance theory.
Автор: G.P. Dwyer; R.W. Hafer Название: The Stock Market: Bubbles, Volatility, and Chaos ISBN: 0792390296 ISBN-13(EAN): 9780792390299 Издательство: Springer Рейтинг: Цена: 23757.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Proceedings of the Thirteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
Автор: G.P. Dwyer; R.W. Hafer Название: The Stock Market: Bubbles, Volatility, and Chaos ISBN: 9048157811 ISBN-13(EAN): 9789048157815 Издательство: Springer Рейтинг: Цена: 23757.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Proceedings of the Thirteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
Автор: Basco S. Название: Housing Bubbles: Origins and Consequences ISBN: 3030005860 ISBN-13(EAN): 9783030005863 Издательство: Springer Рейтинг: Цена: 7685.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: "This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international dimension, their consequences, and ways to prevent them."Oscar Jorda, University of California, Davis, USA"Basco's analysis blends, in a very rigorous but enjoyable manner , state-of-the-art theory and historical examples, adding also a very timely and valuable set of policy orientations."Oscar Arce, Director General, Banco de Espana, Madrid, SpainBooms and busts of house prices are a recurrent feature throughout history. This book provides a comprehensive overview of the origins and economic consequences of these housing bubbles. The book starts with a formal definition of asset price bubbles and a summary of the most famous episodes, before describing how economists have thought about asset price bubbles; specifically behavioral vs.
rational interpretations. These theories are applied to the special case of housing and the same framework is used to explain the implications of financial globalization for capital flows and housing bubbles. After analyzing its origins, the economic consequences of housing bubbles for both households and firms are derived and documented.
The final sections are devoted to discussing the effects of financial crises and explain how financial regulation could mitigate the emergence of future housing bubbles. Case studies of the recent housing bubbles in the United States and Spain are also featured in the book. This book will be of value to advanced undergraduate macroeconomic courses, as well as researchers in international economics and macroeconomics and policy makers.
Описание: The Anti-Bubbles is a contrarian framework that challenges the status quo and complacency of Global Markets towards the false belief/misconception that central banks and governments are infallible and in full control. A forward-looking analysis of the opportunities, risks, and unintended consequences associated with testing the limits of monetary policy, testing the limits of credit markets, and testing the limits of fiat currencies. This book presents both sides of the story, including Larry Summer's "prudent imprudence for fiscal expansion," George Soros' "reflexivity theory applied to monetary policy," Mohamed El-Erian s "T-juction and diplomatic neutrality," along the "Lehman Squared" and "Gold s Perfect Storm" investment theses, and coins innovative ideas such as "anti-bubbles," "the acronyms," or "monetary supercycle," which join a series of innovative concepts such as "The Flattening of the Energy World," "The Energy Broadband," or "The Battle for Supply," from Diego s first book.
Автор: Donald Rapp Название: Bubbles, Booms, and Busts ISBN: 1493910914 ISBN-13(EAN): 9781493910915 Издательство: Springer Рейтинг: Цена: 5589.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book deals at some length with the question: Since there are many more poor than rich, why don`t the poor just tax the rich heavily and reduce the inequality?
Описание: Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms.
Описание: This book first provides a concise review on the global financial tsunami and the European debt crisis, and draws important lessons for future macroeconomic policy management.
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