Financial Market Bubbles And Crashes di Harold L. Vogel edito da Springer Nature Switzerland AG
Alta reperibilità

Financial Market Bubbles And Crashes

Features, Causes, And Effects

EAN:

9783030791810

ISBN:

3030791815

Pagine:
579
Formato:
Hardback
Lingua:
Tedesco
Acquistabile con la

Descrizione Financial Market Bubbles And Crashes

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, 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 are 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.

Spedizione gratuita
€ 97.34
o 3 rate da € 32.45 senza interessi con
Disponibile in 5-6 giorni
servizio Prenota Ritiri su libro Financial Market Bubbles And Crashes
Prenota e ritira
Scegli il punto di consegna e ritira quando vuoi

Recensioni degli utenti

e condividi la tua opinione con gli altri utenti