| 000 | 01476nam a22002297a 4500 | ||
|---|---|---|---|
| 999 |
_c1845 _d1845 |
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| 005 | 20220214125723.0 | ||
| 008 | 220214b ||||| |||| 00| 0 eng d | ||
| 020 | _a9780521263306 | ||
| 082 |
_a338.542 _bVOG |
||
| 100 |
_aVogel, Harold L _94755 |
||
| 245 | _aFinancial market: bubbles and crashes | ||
| 260 |
_bCambridge University Press _aNew Delhi _c2010 |
||
| 300 | _axxvi, 358 p. | ||
| 365 |
_aINR _b750.00 |
||
| 520 | _aDescription 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. | ||
| 650 |
_aFinancial crises _95315 |
||
| 650 |
_aCapital market _92947 |
||
| 650 |
_aCommercial crimes _95316 |
||
| 650 |
_aMacroeconomics _91161 |
||
| 650 |
_aEconometrics _9845 |
||
| 942 |
_2ddc _cBK |
||