Bubbles in Credit and Currency [electronic resource] : How Hot Markets Cool Down

• Tác giả: B Brown
• ISBN-13: 978-0230227682
• Ký hiệu phân loại: 330.9 Economic situation and conditions
• Mô tả vật lý: VII, 222 p. , online resource.
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 306145
• Chủ đề: 1. Accounting; 2. Economic history; 3. Finance; 4. International economic relations; 5. Macroeconomics; 6. Economic History; 8. Financial Economics; 9. International Economics; 10. Macroeconomics and Monetary Economics

Tóm tắt

Drawing on behavioral finance theory and contemporary experience, this book explores how bubbles form and subsequently burst. The author introduces a new concept of swings in market temperature defined by the extent of heterogeneity of opinion and soft irrationality, and examines the importance of these swings in the credit markets.