New Perspectives On Asset Price Bubbles

DOWNLOAD

Download New Perspectives On Asset Price Bubbles PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get New Perspectives On Asset Price Bubbles book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Asset Price Bubbles

DOWNLOAD
Author : William Curt Hunter
language : en
Publisher: MIT Press
Release Date : 2005

Asset Price Bubbles written by William Curt Hunter and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.

A study of asset price bubbles and the implications for preventing financial instability.

New Perspectives On Asset Price Bubbles

DOWNLOAD
Author : Douglas D. Evanoff
language : en
Publisher: OUP USA
Release Date : 2012-02-08

New Perspectives On Asset Price Bubbles written by Douglas D. Evanoff and has been published by OUP USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-08 with Business & Economics categories.

This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now triggered a debate about the emergence of a sequence of repeated bubbles in the Nasdaq market, housing market, credit market, and commodity markets. The realities of the crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles and their potentially adverse economic impact if poorly managed. Taking a novel approach, the editors of this book present five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay highlights the lessons learned and experiences gained since the crisis.

Boom And Bust

DOWNLOAD
Author : William Quinn
language : en
Publisher: Cambridge University Press
Release Date : 2020-08-06

Boom And Bust written by William Quinn and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-06 with Business & Economics categories.

Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.

Financial Market Bubbles And Crashes

DOWNLOAD
Author : Harold L. Vogel
language : en
Publisher: Palgrave Macmillan
Release Date : 2022-12-19

Financial Market Bubbles And Crashes written by Harold L. Vogel and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-19 with Business & Economics categories.

Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.

New Perspectives On Asset Price Bubbles

DOWNLOAD
Author : A. G. Malliaris
language : en
Publisher:
Release Date : 2012

New Perspectives On Asset Price Bubbles written by A. G. Malliaris and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Capital market categories.

This title critically re-examines the profession's understanding of asset price bubbles in light of the global financial crisis of 2007-2009. Taking a novel approach, the book presents classic work that represents accepted thinking about asset bubbles prior to the financial crisis. It also includes original chapters challenging orthodox thinking and presenting new insights. A summary chapter highlights the lessons learned and experiences gained since the crisis.

Asset Prices And Monetary Policy

DOWNLOAD
Author : John Y. Campbell
language : en
Publisher: University of Chicago Press
Release Date : 2008-11-15

Asset Prices And Monetary Policy written by John Y. Campbell and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-11-15 with Business & Economics categories.

Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.

Bubbles And Crashes

DOWNLOAD
Author : Brent Goldfarb
language : en
Publisher: Stanford University Press
Release Date : 2023-05-25

Bubbles And Crashes written by Brent Goldfarb and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-25 with Business & Economics categories.

"An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended." — Choice Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In Bubbles and Crashes, Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles. Using a sample of eighty-eight technologies spanning 150 years, Goldfarb and Kirsch find that four factors play a key role in these episodes: the degree of uncertainty surrounding a particular innovation; the attentive presence of novice investors; the opportunity to directly invest in companies that specialize in the technology; and whether or not a technology is a good protagonist in a narrative. Goldfarb and Kirsch consider the implications of their analysis for technology bubbles that may be in the works today, offer tools for investors to identify whether a bubble is happening, and propose policy measures that may mitigate the risks associated with future speculative episodes.

Speculation Trading And Bubbles

DOWNLOAD
Author : José A. Scheinkman
language : en
Publisher: Columbia University Press
Release Date : 2014-07-08

Speculation Trading And Bubbles written by José A. Scheinkman and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-08 with Business & Economics categories.

As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions—Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles—such as excessive leverage, overconfidence, mania, and panic in speculative markets—and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.

Continuous Time Asset Pricing Theory

DOWNLOAD
Author : Robert A. Jarrow
language : en
Publisher: Springer
Release Date : 2018-06-04

Continuous Time Asset Pricing Theory written by Robert A. Jarrow and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-04 with Mathematics categories.

Yielding new insights into important market phenomena like asset price bubbles and trading constraints, this is the first textbook to present asset pricing theory using the martingale approach (and all of its extensions). Since the 1970s asset pricing theory has been studied, refined, and extended, and many different approaches can be used to present this material. Existing PhD–level books on this topic are aimed at either economics and business school students or mathematics students. While the first mostly ignore much of the research done in mathematical finance, the second emphasizes mathematical finance but does not focus on the topics of most relevance to economics and business school students. These topics are derivatives pricing and hedging (the Black–Scholes–Merton, the Heath–Jarrow–Morton, and the reduced-form credit risk models), multiple-factor models, characterizing systematic risk, portfolio optimization, market efficiency, and equilibrium (capital asset and consumption) pricing models. This book fills this gap, presenting the relevant topics from mathematical finance, but aimed at Economics and Business School students with strong mathematical backgrounds.

Monetary Policy And The Housing Bubble

DOWNLOAD
Author :
language : en
Publisher: DIANE Publishing
Release Date :

Monetary Policy And The Housing Bubble written by and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.