Item type | Current library | Call number | Status | Date due | Barcode |
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Central Library General Section | 338.542 VOG (Browse shelf(Opens below)) | Available | 004865 |
338.542 KNO Recessions and depressions | 338.542 MAN A colonial economy in the Great Depression, Madras (1929-1937) / | 338.542 VOG Financial market bubbles and crashes / | 338.542 VOG Financial Market Bubbles and Crashes, Second Edition : Features, Causes, and Effects / | 338.543 BUD Finance at the threshold : | 338.6 Technology, information, and market dynamics : | 338.6 ARM Handbook of industrial organization vol.3 |
1. Introduction -- 2. Bubble Stories -- 3. Crash Stories -- 4. Money and Credit Features -- 5. Random Walks -- 6. Rationality Rules -- 7. Behavioral Beats -- 8. Bubble Dynamics -- 9. Behavioral Risk Features -- 10. Estimating and Forecasting -- 11. Financial Asset Bubble Theory.
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.
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