Financial market drift: decoupling of the financial sector from the real economy? ; with 10 tables
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Berlin [u.a.]
Springer
2001
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | IX, 233 S. graph. Darst. |
| ISBN: | 3540411658 |
Internformat
MARC
| LEADER | 00000nam a22000008c 4500 | ||
|---|---|---|---|
| 001 | BV013419706 | ||
| 003 | DE-604 | ||
| 005 | 20050304 | ||
| 007 | t | ||
| 008 | 001031s2001 gw d||| |||| 00||| eng d | ||
| 016 | 7 | |a 959984798 |2 DE-101 | |
| 020 | |a 3540411658 |9 3-540-41165-8 | ||
| 035 | |a (OCoLC)313579585 | ||
| 035 | |a (DE-599)BVBBV013419706 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 044 | |a gw |c DE | ||
| 049 | |a DE-739 |a DE-N2 |a DE-703 |a DE-473 |a DE-12 |a DE-19 |a DE-945 |a DE-521 |a DE-526 |a DE-188 | ||
| 050 | 0 | |a HG173.M43413 2000 | |
| 082 | 0 | |a 332 | |
| 082 | 0 | |a 332 21 | |
| 084 | |a QK 640 |0 (DE-625)141673: |2 rvk | ||
| 084 | |a 17 |2 sdnb | ||
| 100 | 1 | |a Menkhoff, Lukas |d 1958- |e Verfasser |0 (DE-588)12162370X |4 aut | |
| 245 | 1 | 0 | |a Financial market drift |b decoupling of the financial sector from the real economy? ; with 10 tables |c Lukas Menkhoff ; Norbert Tolksdorf |
| 264 | 1 | |a Berlin [u.a.] |b Springer |c 2001 | |
| 300 | |a IX, 233 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Finance | |
| 650 | 4 | |a Capital market | |
| 650 | 0 | 7 | |a Wirtschaftliche Stabilität |0 (DE-588)4211986-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Internationaler Kapitalmarkt |0 (DE-588)4027402-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Internationaler Kreditmarkt |0 (DE-588)4120506-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Realwirtschaft |0 (DE-588)4236488-7 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Internationaler Kreditmarkt |0 (DE-588)4120506-6 |D s |
| 689 | 0 | 1 | |a Wirtschaftliche Stabilität |0 (DE-588)4211986-8 |D s |
| 689 | 0 | |5 DE-604 | |
| 689 | 1 | 0 | |a Internationaler Kreditmarkt |0 (DE-588)4120506-6 |D s |
| 689 | 1 | 1 | |a Realwirtschaft |0 (DE-588)4236488-7 |D s |
| 689 | 1 | 2 | |a Wirtschaftliche Stabilität |0 (DE-588)4211986-8 |D s |
| 689 | 1 | |5 DE-604 | |
| 689 | 2 | 0 | |a Internationaler Kapitalmarkt |0 (DE-588)4027402-0 |D s |
| 689 | 2 | 1 | |a Wirtschaftliche Stabilität |0 (DE-588)4211986-8 |D s |
| 689 | 2 | |5 DE-188 | |
| 700 | 1 | |a Tolksdorf, Norbert |e Verfasser |4 aut | |
| 856 | 4 | 2 | |m HEBIS Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009157668&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-009157668 | ||
Datensatz im Suchindex
| _version_ | 1804128207278964736 |
|---|---|
| adam_text | Lukas Menkhoff • Norbert Tolksdorf
Financial Market Drift
Decoupling of the Financial Sector
from the Real Economy?
With 52 Figures
and 10 Tables
Springer
Table of contents
1 Introduction 1
1 1 Defining the problem 1
1 2 Classification of the decoupling problem 3
1 3 Structure of the study 8
2 The relative sizes of the financial sector and the real economy 11
2 1 Definitional background to financial accounts 11
2 2 Empirical studies of financial sector growth in the devel-
opment process 15
221 Long-term changes in the financial asset ratio 16
222 Financial sector structures in the development pro-
cess 19
223 On the causality between financial sector and real
development 23
2 3 Studies of the decoupling hypothesis 28
231 Overview of the typical argumentation model 28
232 Decoupling as an inherent problem 31
233 Decoupling as a fundamentally disruptive problem 39
234 Decoupling as a disruptive concomitant 49
235 Interim conclusion on the causes of decoupling 58
3 Current empirical studies of decoupling characteristics 65
3 1 Analysis of financial asset ratios in Germany 66
311 Introduction 66
312 Empirical description 68
313 Empirical causal analysis 71
3 2 Analysis of international foreign exchange trading turnover 78
321 Introduction 78
322 Empirical description 79
323 Analysis of trading motives of various market par-
ticipants 82
VIII Table of contents
324 Empirical analysis 88
325 Assessment in terms of the decoupling hypothesis 92
3 3 Analysis of equity market volumes focusing on the USA 93
331 Introduction 93
332 Problem areas in the explanation of trading vol-
umes from a theoretival standpoint 94
333 The problem of empirical tests 96
334 Demonstration of the analysis problem using data
from the NYSE 98
335 Stylized facts of empirical analyses of volume time
series and explanatory models 106
336 Summary and appraisal 114
3 4 Excursus: Costly financial market turnover without a rea-
sonable result? 118
4 Analysis of possible decoupling consequences for the financial
sector 123
4 1 Decoupling as a reflection of CAPM mis-specifications 123
4 2 Price volatility 137
421 Introduction 137
422 Empirical findings on price volatility 139
423 Interpretation of decoupling and efficient market
hypothesis 150
424 Assessment 155
4 3 Prices 157
431 Introduction 157
432 Empirical findings on price levels 159
433 Interpretation of decoupling and efficient market
hypothesis 167
434 Assessment 171
4 4 Financial sector stability 173
441 Definition and causes of instability 173
442 On the empirical recording of financial sector
(in)stability 177
443 Interpretation from the perspective of competing
hypotheses 179
444 Preliminary assessment 182
Table of contents IX
5 Economic policy: Assessment and options 183
5 1 Evidence for the decoupling hypothesis 183
511 Decoupling phenomenon 183
512 Pointers to the causes of decoupling 184
513 The consequences of decoupling for the financial
sector and economic policy 186
5 2 Three evaluation-driven response concepts 190
6 Concluding assessment of the decoupling hypothesis 195
List of figures 201
List of tables 205
Bibliography 207
Index 225
|
| any_adam_object | 1 |
| author | Menkhoff, Lukas 1958- Tolksdorf, Norbert |
| author_GND | (DE-588)12162370X |
| author_facet | Menkhoff, Lukas 1958- Tolksdorf, Norbert |
| author_role | aut aut |
| author_sort | Menkhoff, Lukas 1958- |
| author_variant | l m lm n t nt |
| building | Verbundindex |
| bvnumber | BV013419706 |
| callnumber-first | H - Social Science |
| callnumber-label | HG173 |
| callnumber-raw | HG173.M43413 2000 |
| callnumber-search | HG173.M43413 2000 |
| callnumber-sort | HG 3173 M43413 42000 |
| callnumber-subject | HG - Finance |
| classification_rvk | QK 640 |
| ctrlnum | (OCoLC)313579585 (DE-599)BVBBV013419706 |
| dewey-full | 332 33221 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332 332 21 |
| dewey-search | 332 332 21 |
| dewey-sort | 3332 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02260nam a22005538c 4500</leader><controlfield tag="001">BV013419706</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20050304 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">001031s2001 gw d||| |||| 00||| eng d</controlfield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">959984798</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">3540411658</subfield><subfield code="9">3-540-41165-8</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)313579585</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV013419706</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">gw</subfield><subfield code="c">DE</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-739</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-945</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-526</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG173.M43413 2000</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332 21</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 640</subfield><subfield code="0">(DE-625)141673:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">17</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Menkhoff, Lukas</subfield><subfield code="d">1958-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)12162370X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Financial market drift</subfield><subfield code="b">decoupling of the financial sector from the real economy? ; with 10 tables</subfield><subfield code="c">Lukas Menkhoff ; Norbert Tolksdorf</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Berlin [u.a.]</subfield><subfield code="b">Springer</subfield><subfield code="c">2001</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">IX, 233 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Finance</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital market</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wirtschaftliche Stabilität</subfield><subfield code="0">(DE-588)4211986-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Internationaler Kapitalmarkt</subfield><subfield code="0">(DE-588)4027402-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Internationaler Kreditmarkt</subfield><subfield code="0">(DE-588)4120506-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Realwirtschaft</subfield><subfield code="0">(DE-588)4236488-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Internationaler Kreditmarkt</subfield><subfield code="0">(DE-588)4120506-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Wirtschaftliche Stabilität</subfield><subfield code="0">(DE-588)4211986-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Internationaler Kreditmarkt</subfield><subfield code="0">(DE-588)4120506-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Realwirtschaft</subfield><subfield code="0">(DE-588)4236488-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="2"><subfield code="a">Wirtschaftliche Stabilität</subfield><subfield code="0">(DE-588)4211986-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="2" ind2="0"><subfield code="a">Internationaler Kapitalmarkt</subfield><subfield code="0">(DE-588)4027402-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2="1"><subfield code="a">Wirtschaftliche Stabilität</subfield><subfield code="0">(DE-588)4211986-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Tolksdorf, Norbert</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HEBIS Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009157668&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-009157668</subfield></datafield></record></collection> |
| id | DE-604.BV013419706 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:45:34Z |
| institution | BVB |
| isbn | 3540411658 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-009157668 |
| oclc_num | 313579585 |
| open_access_boolean | |
| owner | DE-739 DE-N2 DE-703 DE-473 DE-BY-UBG DE-12 DE-19 DE-BY-UBM DE-945 DE-521 DE-526 DE-188 |
| owner_facet | DE-739 DE-N2 DE-703 DE-473 DE-BY-UBG DE-12 DE-19 DE-BY-UBM DE-945 DE-521 DE-526 DE-188 |
| physical | IX, 233 S. graph. Darst. |
| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | Springer |
| record_format | marc |
| spelling | Menkhoff, Lukas 1958- Verfasser (DE-588)12162370X aut Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables Lukas Menkhoff ; Norbert Tolksdorf Berlin [u.a.] Springer 2001 IX, 233 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Finance Capital market Wirtschaftliche Stabilität (DE-588)4211986-8 gnd rswk-swf Internationaler Kapitalmarkt (DE-588)4027402-0 gnd rswk-swf Internationaler Kreditmarkt (DE-588)4120506-6 gnd rswk-swf Realwirtschaft (DE-588)4236488-7 gnd rswk-swf Internationaler Kreditmarkt (DE-588)4120506-6 s Wirtschaftliche Stabilität (DE-588)4211986-8 s DE-604 Realwirtschaft (DE-588)4236488-7 s Internationaler Kapitalmarkt (DE-588)4027402-0 s DE-188 Tolksdorf, Norbert Verfasser aut HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009157668&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Menkhoff, Lukas 1958- Tolksdorf, Norbert Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables Finance Capital market Wirtschaftliche Stabilität (DE-588)4211986-8 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd Internationaler Kreditmarkt (DE-588)4120506-6 gnd Realwirtschaft (DE-588)4236488-7 gnd |
| subject_GND | (DE-588)4211986-8 (DE-588)4027402-0 (DE-588)4120506-6 (DE-588)4236488-7 |
| title | Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables |
| title_auth | Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables |
| title_exact_search | Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables |
| title_full | Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables Lukas Menkhoff ; Norbert Tolksdorf |
| title_fullStr | Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables Lukas Menkhoff ; Norbert Tolksdorf |
| title_full_unstemmed | Financial market drift decoupling of the financial sector from the real economy? ; with 10 tables Lukas Menkhoff ; Norbert Tolksdorf |
| title_short | Financial market drift |
| title_sort | financial market drift decoupling of the financial sector from the real economy with 10 tables |
| title_sub | decoupling of the financial sector from the real economy? ; with 10 tables |
| topic | Finance Capital market Wirtschaftliche Stabilität (DE-588)4211986-8 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd Internationaler Kreditmarkt (DE-588)4120506-6 gnd Realwirtschaft (DE-588)4236488-7 gnd |
| topic_facet | Finance Capital market Wirtschaftliche Stabilität Internationaler Kapitalmarkt Internationaler Kreditmarkt Realwirtschaft |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009157668&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT menkhofflukas financialmarketdriftdecouplingofthefinancialsectorfromtherealeconomywith10tables AT tolksdorfnorbert financialmarketdriftdecouplingofthefinancialsectorfromtherealeconomywith10tables |