Essays on Bubbles in Financial Markets
Title | Essays on Bubbles in Financial Markets PDF eBook |
Author | Congmin Peng |
Publisher | |
Pages | 0 |
Release | 2014 |
Genre | |
ISBN |
Essays on Speculative Bubbles in Financial Markets
Title | Essays on Speculative Bubbles in Financial Markets PDF eBook |
Author | Oswald Mungule |
Publisher | LAP Lambert Academic Publishing |
Pages | 124 |
Release | 2012-08 |
Genre | |
ISBN | 9783659197666 |
Financial markets have been experiencing episodes of financial crises since the great depression of 1929. The busting of speculative bubbles is one of the causes of most financial crises. Financial crises cause welfare loses. Therefore, Mungule and Malikane's Essays on Speculative Bubbles in Financial Markets presents a thoroughly up-to-date and pedagogically rich advanced knowledge that fits perfectly into the newest segments of both financial and monetary economics course areas. Beginning with Chapter 1 on formation of speculative bubbles, central banks are encouraged to understand speculative bubbles dynamics, measurement issues and the implications of either responding or no response to the bubbles on macroeconomic variables. This edition provides international application of speculative bubbles, helping make issues of monetary policy implications of responding to asset price bubbles easy for policy makers and postgraduate students to understand.
Wir Unterzeichnete vereinigen uns, gemeinschaftlich dafür zu wirken, daß die bei der ersten Lesung angenommenen Grundlagen und Consequenzen des deutschen Bundesstaates ...
Title | Wir Unterzeichnete vereinigen uns, gemeinschaftlich dafür zu wirken, daß die bei der ersten Lesung angenommenen Grundlagen und Consequenzen des deutschen Bundesstaates ... PDF eBook |
Author | |
Publisher | |
Pages | 2 |
Release | 1848 |
Genre | |
ISBN |
Economic Uncertainty, Instabilities And Asset Bubbles: Selected Essays
Title | Economic Uncertainty, Instabilities And Asset Bubbles: Selected Essays PDF eBook |
Author | Anastasios G Malliaris |
Publisher | World Scientific |
Pages | 373 |
Release | 2005-10-03 |
Genre | Business & Economics |
ISBN | 9814480045 |
The compendium of papers in this volume focuses on aspects of economic uncertainty, financial instabilities and asset bubbles.Economic uncertainty is modeled in continuous time using the mathematical techniques of stochastic calculus. A detailed treatment of important topics is provided, including the existence and uniqueness of asymptotic economic growth, the modeling of inflation and interest rates, the decomposition of inflation and its volatility, and the extension of the quantity theory of money to allow for randomness.The reader is also introduced to the methods of chaotic dynamics, and this methodology is applied to asset pricing, the European equity markets, and the multi-fractality in foreign currency markets.Since the techniques of stochastic calculus and chaotic dynamics do not readily accommodate the presence of stochastic bubbles, several papers discuss in depth the presence of financial bubbles in asset prices, and econometric work is performed to link such bubbles to monetary policy.Finally, since bubbles often burst rather than deflate slowly, the last section of the book studies the crash of October 1987 as well as other crashes of national equity markets due to the Persian gulf crisis.
Essays on Testing for Speculative Bubbles in the Stock Market
Title | Essays on Testing for Speculative Bubbles in the Stock Market PDF eBook |
Author | Lii-Tarn Chen |
Publisher | |
Pages | 240 |
Release | 1995 |
Genre | Speculation |
ISBN |
Empirical Essays on Stock Market Bubbles
Title | Empirical Essays on Stock Market Bubbles PDF eBook |
Author | Ge Yu |
Publisher | |
Pages | 184 |
Release | 2020 |
Genre | |
ISBN |
Bubbles and Crashes
Title | Bubbles and Crashes PDF eBook |
Author | Brent Goldfarb |
Publisher | Stanford University Press |
Pages | 284 |
Release | 2019-02-19 |
Genre | Business & Economics |
ISBN | 1503607933 |
“An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended.” —Choice 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.