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 b...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York :
Cambridge University Press,
2010.
|
| Schlagworte: | |
| Online-Zugang: | 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"--Provided by publisher "One would think that economists would by now have already developed a solid grip on how financial bubbles form and how to measure and compare them. This is not the case. Despite the thousands of articles in the professional literature 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 what is meant to be 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. The notion that easy credit provides fuel for bubbles is supported. 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"--Provided by publisher |
| Beschreibung: | 1 online resource (xxvi, 358 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781316103722 1316103722 9780511806650 0511806655 9781316100806 1316100804 9783319715285 3319715283 |
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| 245 | 1 | 0 | |a Financial market bubbles and crashes / |c Harold L. Vogel. |
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| 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"--Provided by publisher | ||
| 520 | |a "One would think that economists would by now have already developed a solid grip on how financial bubbles form and how to measure and compare them. This is not the case. Despite the thousands of articles in the professional literature 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 what is meant to be 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. The notion that easy credit provides fuel for bubbles is supported. 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"--Provided by publisher | ||
| 505 | 0 | |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. | |
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Datensatz im Suchindex
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| _version_ | 1813903649758248962 |
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| author | 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. |
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| 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 |
| format | Electronic eBook |
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| indexdate | 2024-10-25T16:22:02Z |
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| isbn | 9781316103722 1316103722 9780511806650 0511806655 9781316100806 1316100804 9783319715285 3319715283 |
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| publisher | Cambridge University Press, |
| record_format | marc |
| spelling | Vogel, Harold L., 1946- https://id.oclc.org/worldcat/entity/E39PBJdWWvC3MDGRFt9Ddc4jG3 http://id.loc.gov/authorities/names/n85066421 Financial market bubbles and crashes / Harold L. Vogel. New York : Cambridge University Press, 2010. 1 online resource (xxvi, 358 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references and index. "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"--Provided by publisher "One would think that economists would by now have already developed a solid grip on how financial bubbles form and how to measure and compare them. This is not the case. Despite the thousands of articles in the professional literature 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 what is meant to be 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. The notion that easy credit provides fuel for bubbles is supported. 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"--Provided by publisher 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. Print version record. Capital market. http://id.loc.gov/authorities/subjects/sh85019945 Financial crises. Commercial crimes. http://id.loc.gov/authorities/subjects/sh85028935 Marché financier. Infractions économiques. BUSINESS & ECONOMICS Industries General. bisacsh Capital market fast Commercial crimes fast Financial crises fast Electronic book. has work: Financial market bubbles and crashes (Text) https://id.oclc.org/worldcat/entity/E39PCYrQCBb6yTdBkbKd79Rjhb https://id.oclc.org/worldcat/ontology/hasWork Print version: Vogel, Harold L., 1946- Financial market bubbles and crashes 9780521199674 (DLC) 2009038062 (OCoLC)420940046 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=783039 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=783039 Volltext |
| 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. http://id.loc.gov/authorities/subjects/sh85019945 Financial crises. Commercial crimes. http://id.loc.gov/authorities/subjects/sh85028935 Marché financier. Infractions économiques. BUSINESS & ECONOMICS Industries General. bisacsh Capital market fast Commercial crimes fast Financial crises fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85019945 http://id.loc.gov/authorities/subjects/sh85028935 |
| title | Financial market bubbles and 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. http://id.loc.gov/authorities/subjects/sh85019945 Financial crises. Commercial crimes. http://id.loc.gov/authorities/subjects/sh85028935 Marché financier. Infractions économiques. BUSINESS & ECONOMICS Industries General. bisacsh Capital market fast Commercial crimes fast Financial crises fast |
| topic_facet | Capital market. Financial crises. Commercial crimes. Marché financier. Infractions économiques. BUSINESS & ECONOMICS Industries General. Capital market Commercial crimes Financial crises Electronic book. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=783039 |
| work_keys_str_mv | AT vogelharoldl financialmarketbubblesandcrashes |