Bubbles, booms, and busts: the rise and fall of financial assets
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York, NY
Springer
2009
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVII, 274 S. graph. Darst. |
| ISBN: | 9780387876290 9780387876306 |
Staff View
MARC
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| 245 | 1 | 0 | |a Bubbles, booms, and busts |b the rise and fall of financial assets |c Donald Rapp |
| 264 | 1 | |a New York, NY |b Springer |c 2009 | |
| 300 | |a XVII, 274 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 648 | 7 | |a Geschichte 1636-2007 |2 gnd |9 rswk-swf | |
| 650 | 7 | |a Bubbles |2 stw | |
| 650 | 7 | |a Börsenkrise |2 stw | |
| 650 | 7 | |a Börsenkurs |2 stw | |
| 650 | 7 | |a Finanzmarkt |2 stw | |
| 650 | 7 | |a USA |2 stw | |
| 650 | 4 | |a Geschichte | |
| 650 | 4 | |a Business cycles |x History | |
| 650 | 4 | |a Financial crises |x History | |
| 650 | 0 | 7 | |a Finanzkrise |0 (DE-588)7635855-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Konjunkturzyklus |0 (DE-588)4032134-4 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Konjunkturzyklus |0 (DE-588)4032134-4 |D s |
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Record in the Search Index
| _version_ | 1804138140871426048 |
|---|---|
| adam_text | Contents
Preface
.........................................................................................................
v
Introduction:
The Holland Tulip Mania of
1636-1637...........................xv
Chapter
1
THE NATURE OF MANIAS, BUBBLES, AND CRASHES
.....................................................1
Introduction
..............................................................................................................................
ι
The
Ншпап
Element
................................................................................................................4
The Rise of Manias and Bubbles
.............................................................................................9
Fueling the Boom
....................................................................................................................14
Wealth and Inflation
...............................................................................................................15
Asset Growth vs. Wealth: Cause and Effect?.
.................................................................. 15
Inflation
.........................................................................................................................17
Speculations, Bootstraps and Swindles
..................................................................................23
The Rationality of Investors?
.................................................................................................24
The Rationality of Bankers and Experts?
...............................................................................27
Rationality of Bankers!
.................................................................................................27
Rationality of Experts?
...................................................................................................33
Monetary Policy and the Federal Reserve System
.................................................................39
Fiscal Policy and Taxes
..........................................................................................................47
Tax Policies.
___.........,..................................................................................................47
Income Tax.
..............................................................................................................................47
Estate Tax
.................................................................................................................................5?
The Alternative Minimum Tax.
.............................................................................................54
Income Tax Brackets and Budget Deficits
......................................................................56
Capital Gaitts
................................................................................................................-59
Social Security and Medicare
......................................·.................................................62
Inequality
.................................................................................................................................65
Why Inequality Persists and Expands.
...........................................................................65
Inequality of Wealth in the Vnited States
.....................................................................68
XI
Contents
Debt
...................................-......................................................................................................7i
US
Federal Debt
............................................................................................................72
State and Municipal Debt
..............................................................................................77
Household and Mortgage Debt
.....................................................................................7*
The Dollar
.....................................................................................................................«3
Bankruptcies
..................................................................................................................
*5
WorldDebt
...................................................................................................................«7
Deposit Insurance
..................................................................................................................88
Regulation, Deregulation and no Regulation
........................................................................91
Pension Plans
..........................................................................................................................94
Corporate Pensions
.......................................................................................................94
Defined Benefit Plans
.............................................................................................................94
Defined Contribution Plans
...................................................................................................
рб
The Public Sector
..........................................................................................................99
The Valuation of Common Stocks
.......................................................................................
ιοί
Internal Feedback and Endogenous Risk
.............................................................................107
When the Bubble Pops
..........................................................................................................109
Notes
.......................................................................................................................................
Ш
Chapter
1
A SHORT HISTORY OF BOOMS, BUBBLES, AND BUSTS
...............................................117
The New World
......................................................................................................................118
South Seas Bubble
.........................................................................................................118
John Law s Mississippi Company
.................................................................................
no
Florida Land Boom of the
1920s............................................................................................121
The Rise
........................................................................................................................121
The
ТаП.
.......................................................................................................................
из
Underlying Causes
.......................................................................................................123
The Roaring 20s Stock Market
.............................................................................................124
The Real Economic Boom of the 1920s
.........................................................................124
The Stock Market of the
1920s...................................................................................127
Tlie
Crash of
192,9........................................................................................................129
The Great Depression of the
1930s........................................................................................131
The Savings and Loan Scandal of the
1980s....................................................................135
The Original Problem
.........................................................................,........................135
Deregulation and no Regulation
..................................................................................141
How Mr. Reagan Made a Bad Problem Worse
............................................................143
The False Spring of
1983...............................................................................................146
The Go-Go Period
....................................................................................................14$
XII
Contents
Fraud and Misconduct
.................................................................................................150
The Aftermath
.............................................................................................................158
The Bull Market of
1982-1995...............................................................................................161
The Crash of
1987.........................................................................................................168
The dot.com Mania
...............................................................................................................174
Boom and Euphoria
.....................................................................................................174
Greenspan and the Role of the Federal Reserve
............................................................176
Bursting of the Bubble
..................................................................................................182
Merrill-lynch is Bullish on America
.............................................................................183
Other Bubbles and Swindles of the Late
1990s
and 2000s
..................................................185
Adelphia
......................................................................................................................186
Rogue Traders at Banks
...............................................................................................187
Barings Bank
..........................................................................................................................188
Allied Irish Banks
..................................................................................................................188
Societě
Generale.....................................................................................................................189
Enron
...........................................................................................................................189
Long-Term
Capital Management
.................................................................................195
Albania s
Ponzi
Schemes
.............................................................................................204
Corporate and Accounting Scandals
............................................................................205
The Sub-prime Real Estate Boom
2001-2007................................................................219
Origin of the Boom
......................................................................................................219
Expansion of the Boom
................................................................................................221
Residences as ATMs
.....................................................................................................224
The Punctured Bubble
.................................................................................................228
Mortgage-Backed Securities
.........................................................................................232
Government Response to the Punctured Bubble
...........................................................236
International Mortgage Debt
.......................................................................................237
The Hidden Time Bomb
...............................................................................................239
Japan and East Asia
..............................................................................................................240
Japan
1970-2007.........................................................................................................240
Background
...........................................................................................................................240
The Japanese Boom and Bubble
...........................................................................................242
Collapse of the Japanese Bubble
..........................................................................................
Щ4
East Asia
......................................................................................................................245
The
OU
Bubble
......................................................................................................................248
The Next Bubble
....................................................................................................................254
Notes
........................................................................__............................-............................258
Abbreviations
......................................................................................267
Index
....................................................................................................271
XIII
|
| adam_txt |
Contents
Preface
.
v
Introduction:
The Holland Tulip Mania of
1636-1637.xv
Chapter
1
THE NATURE OF MANIAS, BUBBLES, AND CRASHES
.1
Introduction
.
ι
The
Ншпап
Element
.4
The Rise of Manias and Bubbles
.9
Fueling the Boom
.14
Wealth and Inflation
.15
Asset Growth vs. Wealth: Cause and Effect?.
. 15
Inflation
.17
Speculations, Bootstraps and Swindles
.23
The Rationality of Investors?
.24
The Rationality of Bankers and Experts?
.27
Rationality of Bankers!
.27
Rationality of Experts?
.33
Monetary Policy and the Federal Reserve System
.39
Fiscal Policy and Taxes
.47
Tax Policies.
_.,.47
Income Tax.
.47
Estate Tax
.5?
The Alternative Minimum Tax.
.54
Income Tax Brackets and Budget Deficits
.56
Capital Gaitts
.-59
Social Security and Medicare
.·.62
Inequality
.65
Why Inequality Persists and Expands.
.65
Inequality of Wealth in the Vnited States
.68
XI
Contents
Debt
.-.7i
US
Federal Debt
.72
State and Municipal Debt
.77
Household and Mortgage Debt
.7*
The Dollar
.«3
Bankruptcies
.
*5
WorldDebt
.«7
Deposit Insurance
.88
Regulation, Deregulation and no Regulation
.91
Pension Plans
.94
Corporate Pensions
.94
Defined Benefit Plans
.94
Defined Contribution Plans
.
рб
The Public Sector
.99
The Valuation of Common Stocks
.
ιοί
Internal Feedback and Endogenous Risk
.107
When the Bubble Pops
.109
Notes
.
Ш
Chapter
1
A SHORT HISTORY OF BOOMS, BUBBLES, AND BUSTS
.117
The New World
.118
South Seas Bubble
.118
John Law's Mississippi Company
.
no
Florida Land Boom of the
1920s.121
The Rise
.121
The
ТаП.
.
из
Underlying Causes
.123
The Roaring 20s Stock Market
.124
The Real Economic Boom of the 1920s
.124
The Stock Market of the
1920s.127
Tlie
Crash of
192,9.129
The Great Depression of the
1930s.131
The Savings and Loan Scandal of the
1980s.135
The Original Problem
.,.135
Deregulation and no Regulation
.141
How Mr. Reagan Made a Bad Problem Worse
.143
The False Spring of
1983.146
The "Go-Go" Period
.14$
XII
Contents
Fraud and Misconduct
.150
The Aftermath
.158
The Bull Market of
1982-1995.161
The Crash of
1987.168
The dot.com Mania
.174
Boom and Euphoria
.174
Greenspan and the Role of the Federal Reserve
.176
Bursting of the Bubble
.182
Merrill-lynch is Bullish on America
.183
Other Bubbles and Swindles of the Late
1990s
and 2000s
.185
Adelphia
.186
Rogue Traders at Banks
.187
Barings Bank
.188
Allied Irish Banks
.188
Societě
Generale.189
Enron
.189
Long-Term
Capital Management
.195
Albania's
Ponzi
Schemes
.204
Corporate and Accounting Scandals
.205
The Sub-prime Real Estate Boom
2001-2007.219
Origin of the Boom
.219
Expansion of the Boom
.221
Residences as ATMs
.224
The Punctured Bubble
.228
Mortgage-Backed Securities
.232
Government Response to the Punctured Bubble
.236
International Mortgage Debt
.237
The Hidden Time Bomb
.239
Japan and East Asia
.240
Japan
1970-2007.240
Background
.240
The Japanese Boom and Bubble
.242
Collapse of the Japanese Bubble
.
Щ4
East Asia
.245
The
OU
Bubble
.248
The Next Bubble
.254
Notes
._.-.258
Abbreviations
.267
Index
.271
XIII |
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| id | DE-604.BV023536206 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:30:10Z |
| indexdate | 2024-07-09T21:23:28Z |
| institution | BVB |
| isbn | 9780387876290 9780387876306 |
| language | English |
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| physical | XVII, 274 S. graph. Darst. |
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| spelling | Rapp, Donald 1934- Verfasser (DE-588)135633494 aut Bubbles, booms, and busts the rise and fall of financial assets Donald Rapp New York, NY Springer 2009 XVII, 274 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Geschichte 1636-2007 gnd rswk-swf Bubbles stw Börsenkrise stw Börsenkurs stw Finanzmarkt stw USA stw Geschichte Business cycles History Financial crises History Finanzkrise (DE-588)7635855-0 gnd rswk-swf Konjunkturzyklus (DE-588)4032134-4 gnd rswk-swf Konjunkturzyklus (DE-588)4032134-4 s Finanzkrise (DE-588)7635855-0 s Geschichte 1636-2007 z b DE-604 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016824828&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Rapp, Donald 1934- Bubbles, booms, and busts the rise and fall of financial assets Bubbles stw Börsenkrise stw Börsenkurs stw Finanzmarkt stw USA stw Geschichte Business cycles History Financial crises History Finanzkrise (DE-588)7635855-0 gnd Konjunkturzyklus (DE-588)4032134-4 gnd |
| subject_GND | (DE-588)7635855-0 (DE-588)4032134-4 |
| title | Bubbles, booms, and busts the rise and fall of financial assets |
| title_auth | Bubbles, booms, and busts the rise and fall of financial assets |
| title_exact_search | Bubbles, booms, and busts the rise and fall of financial assets |
| title_exact_search_txtP | Bubbles, booms, and busts the rise and fall of financial assets |
| title_full | Bubbles, booms, and busts the rise and fall of financial assets Donald Rapp |
| title_fullStr | Bubbles, booms, and busts the rise and fall of financial assets Donald Rapp |
| title_full_unstemmed | Bubbles, booms, and busts the rise and fall of financial assets Donald Rapp |
| title_short | Bubbles, booms, and busts |
| title_sort | bubbles booms and busts the rise and fall of financial assets |
| title_sub | the rise and fall of financial assets |
| topic | Bubbles stw Börsenkrise stw Börsenkurs stw Finanzmarkt stw USA stw Geschichte Business cycles History Financial crises History Finanzkrise (DE-588)7635855-0 gnd Konjunkturzyklus (DE-588)4032134-4 gnd |
| topic_facet | Bubbles Börsenkrise Börsenkurs Finanzmarkt USA Geschichte Business cycles History Financial crises History Finanzkrise Konjunkturzyklus |
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