Financial Market Bubbles and Crashes

Harold l. vogel (author)

368 pages, parution le 09/03/2018

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Résumé

Harold (Hal) L. Vogel was the senior entertainment industry analyst at Merrill Lynch and inducted into Institutional Investor magazine's All-America Research Team Hall of Fame in 2011. Holder of a PhD in financial economics, he is also a chartered financial analyst (C.F.A.) and served as an adjunct professor at Columbia University's Graduate School of Business. His books include Entertainment Industry Economics: A Guide for Financial Analysis (10th edition forthcoming) and Travel Industry Economics: A Guide for Financial Analysis (3rd edition 2016). He currently heads an independent investment and consulting firm in New York City.Previous edition: 2010.

Part I- Background

1. Introduction

2. Bubble Stories

3. Crash Stories

4. Money and Credit Features

Part II- Theories Past

5. Random Walks

6. Rationality Rules

7. Behavioral Beats

Part III- Theories Present and Future

8. Bubble Dynamics

9. Behavioral Risk Features

10. Estimating and Forecasting

Part IV- Round Up

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.

Second editionIllustrationsHG4523Capital market.|Financial crises.|Commercial crimes.1EnglandBasingstoke, Hampshire9783319715285|9783319715292Harold L. Vogel.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Palgrave
Auteur(s)	Harold l. vogel (author)
Parution	09/03/2018
Nb. de pages	368
Format	155 x 235
Poids	599g
EAN13	9783319715278

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Financial Market Bubbles and Crashes

Résumé

Caractéristiques techniques

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