Financial market bubbles and crashes:
Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book pr...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2010
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| Schlagworte: | |
| Online-Zugang: | BSB01 UBG01 Volltext |
| Zusammenfassung: | Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Beschreibung: | 1 online resource (xxvi, 358 pages) |
| ISBN: | 9780511806650 |
| DOI: | 10.1017/CBO9780511806650 |
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| 505 | 8 | |a Part I. Background for analysis -- 1. Introduction -- 2. Bubble stories -- 3. Random walks -- 4. Bubble theories -- 5. Framework for investigation -- Part II. Empirical features and results -- 6. Bubble basics -- 7. Bubble dynamics -- 8. Money and credit features -- 9. Behavioral risk features -- 10. Crashes, panics, and chaos -- 11. Financial asset bubble theory | |
| 520 | |a Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory | ||
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| author | Vogel, Harold L. 1946- |
| author_facet | Vogel, Harold L. 1946- |
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| contents | Part I. Background for analysis -- 1. Introduction -- 2. Bubble stories -- 3. Random walks -- 4. Bubble theories -- 5. Framework for investigation -- Part II. Empirical features and results -- 6. Bubble basics -- 7. Bubble dynamics -- 8. Money and credit features -- 9. Behavioral risk features -- 10. Crashes, panics, and chaos -- 11. Financial asset bubble theory |
| ctrlnum | (ZDB-20-CBO)CR9780511806650 (OCoLC)967422544 (DE-599)BVBBV043928786 |
| dewey-full | 338.5/42 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5/42 |
| dewey-search | 338.5/42 |
| dewey-sort | 3338.5 242 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9780511806650 |
| format | Electronic eBook |
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| id | DE-604.BV043928786 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:38:52Z |
| institution | BVB |
| isbn | 9780511806650 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029337865 |
| oclc_num | 967422544 |
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| owner_facet | DE-12 DE-473 DE-BY-UBG |
| physical | 1 online resource (xxvi, 358 pages) |
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| publishDate | 2010 |
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| publisher | Cambridge University Press |
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| spelling | Vogel, Harold L. 1946- Verfasser aut Financial market bubbles and crashes Harold L. Vogel Financial Market Bubbles & Crashes Cambridge Cambridge University Press 2010 1 online resource (xxvi, 358 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) Part I. Background for analysis -- 1. Introduction -- 2. Bubble stories -- 3. Random walks -- 4. Bubble theories -- 5. Framework for investigation -- Part II. Empirical features and results -- 6. Bubble basics -- 7. Bubble dynamics -- 8. Money and credit features -- 9. Behavioral risk features -- 10. Crashes, panics, and chaos -- 11. Financial asset bubble theory Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory Capital market Financial crises Commercial crimes Spekulative Blase (DE-588)4450213-8 gnd rswk-swf Finanzkrise (DE-588)7635855-0 gnd rswk-swf Finanzkrise (DE-588)7635855-0 s Spekulative Blase (DE-588)4450213-8 s 1\p DE-604 Erscheint auch als Druckausgabe 978-0-521-19967-4 https://doi.org/10.1017/CBO9780511806650 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Vogel, Harold L. 1946- Financial market bubbles and crashes Part I. Background for analysis -- 1. Introduction -- 2. Bubble stories -- 3. Random walks -- 4. Bubble theories -- 5. Framework for investigation -- Part II. Empirical features and results -- 6. Bubble basics -- 7. Bubble dynamics -- 8. Money and credit features -- 9. Behavioral risk features -- 10. Crashes, panics, and chaos -- 11. Financial asset bubble theory Capital market Financial crises Commercial crimes Spekulative Blase (DE-588)4450213-8 gnd Finanzkrise (DE-588)7635855-0 gnd |
| subject_GND | (DE-588)4450213-8 (DE-588)7635855-0 |
| title | Financial market bubbles and crashes |
| title_alt | Financial Market Bubbles & Crashes |
| title_auth | Financial market bubbles and crashes |
| title_exact_search | Financial market bubbles and crashes |
| title_full | Financial market bubbles and crashes Harold L. Vogel |
| title_fullStr | Financial market bubbles and crashes Harold L. Vogel |
| title_full_unstemmed | Financial market bubbles and crashes Harold L. Vogel |
| title_short | Financial market bubbles and crashes |
| title_sort | financial market bubbles and crashes |
| topic | Capital market Financial crises Commercial crimes Spekulative Blase (DE-588)4450213-8 gnd Finanzkrise (DE-588)7635855-0 gnd |
| topic_facet | Capital market Financial crises Commercial crimes Spekulative Blase Finanzkrise |
| url | https://doi.org/10.1017/CBO9780511806650 |
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