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.
Автор: Donald Rapp Название: Bubbles, Booms, and Busts ISBN: 1493910914 ISBN-13(EAN): 9781493910915 Издательство: Springer Рейтинг: Цена: 37260.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book deals at some length with the question: Since there are many more poor than rich, why don`t the poor just tax the rich heavily and reduce the inequality?
Автор: Porras Eva R Название: Bubbles and Contagion in Financial Markets ISBN: 1137358750 ISBN-13(EAN): 9781137358752 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Asset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt crises. This book takes a quantitative approach to examining these phenomena and will appeal to practitioners who need to understand the repercussions of these events on trading exchanges and the markets.
Автор: Lee Micky Название: Bubbles and Machines: Gender, Information and Financial Crises ISBN: 1912656000 ISBN-13(EAN): 9781912656004 Издательство: Неизвестно Рейтинг: Цена: 31710.00 T Наличие на складе: Невозможна поставка. Описание: This book develops four themes: women as resources in financial markets and as producers of values; gender ideology and unequal distribution; machine production and distribution of financial information and the varied actuality of markets.
Автор: Mansharamani Vikram Название: Boombustology: Spotting Financial Bubbles Before They Burst ISBN: 1119575605 ISBN-13(EAN): 9781119575603 Издательство: Wiley Рейтинг: Цена: 24280.00 T Наличие на складе: Невозможна поставка. Описание:
The revised second edition of Boombustology is an important guide for understanding the history of a various booms and busts and the cyclical nature of financial markets. In this updated edition of his popular book, noted academic Vikram Mansharamani outlines a multi-disciplinary framework for identifying financial bubbles before they burst. From the madness of the Seventh-Century's tulip mania in Holland to the United State's crippling housing collapse in 2008, the book explores the elements that cause once soaring financial markets to come crashing down. Boombustology offers a robust framework that helps readers understand the dynamics that precede, fuel, and ultimately reverse financial market extremes. Perhaps most usefully, the book includes a set of indicators that readers can apply to identify future booms that may prove unsustainable.
The book is a comprehensive, information-packed exploration of how bubbles form as well as the causes and circumstances that lead to their demise. Mansharamani eschews the typical view of booms and busts as primarily economic phenomena and adopts a wide-ranging multidisciplinary approach that embraces the lenses of microeconomics, macroeconomics, psychology, politics, and biology. The author summarizes these five lenses in a practical framework for identifying bubbles before they burst. He pinpoints the key indicators of a financial bubble so readers can themselves gauge the likelihood of an unsustainable boom. The author applies the framework to India's currently booming economy. He concludes that the Indian growth story may prove to be unsustainable and that starry-eyed investors should be wary. In addition, the book's addendum contains the author's thoughts on the highly distortive impact of passive investing. While not strictly an asset bubble, numerous factors indicate the global love affair with passive strategies may be creating highly unsustainable conditions that will prove challenging for investors to navigate when the mania dissipates.
Written in an engaging and accessible style, Boombustology can help investors, policymakers, and analysts better navigate today's turbulent economic environment.
Автор: Gerding Название: Law, Bubbles, and Financial Regulation ISBN: 1138674397 ISBN-13(EAN): 9781138674394 Издательство: Taylor&Francis Рейтинг: Цена: 57150.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book examines the interaction of bubbles and financial regulation. It explores the ways in which bubbles lead to the failure of financial regulation by outlining five dynamics, which it collectively labels the "Regulatory Instability Hypothesis."
Автор: Parrilla Diego Название: The Anti-Bubbles: Opportunities Heading Into Lehman Squared and Gold`s Perfect Storm ISBN: 1631579827 ISBN-13(EAN): 9781631579820 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 18390.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The Anti-Bubbles is a contrarian framework that challenges the status quo and complacency of Global Markets towards the false belief/misconception that central banks and governments are infallible and in full control. A forward-looking analysis of the opportunities, risks, and unintended consequences associated with testing the limits of monetary policy, testing the limits of credit markets, and testing the limits of fiat currencies. This book presents both sides of the story, including Larry Summer's "prudent imprudence for fiscal expansion," George Soros' "reflexivity theory applied to monetary policy," Mohamed El-Erian s "T-juction and diplomatic neutrality," along the "Lehman Squared" and "Gold s Perfect Storm" investment theses, and coins innovative ideas such as "anti-bubbles," "the acronyms," or "monetary supercycle," which join a series of innovative concepts such as "The Flattening of the Energy World," "The Energy Broadband," or "The Battle for Supply," from Diego s first book.
Автор: Brunnermeier, Markus K. (Assistant Professor, Depa Название: Asset Pricing Under Asymmetric Information: Bubbles, Crashes, Technical Analysis and Herding ISBN: 0198296983 ISBN-13(EAN): 9780198296980 Издательство: Oxford Academ Рейтинг: Цена: 126720.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: During the 1980s and 1990s, theoretical research in financial economics significantly advanced our understanding of the informational aspects of price processes. This book provides a detailed and up-to-date survey of this important body of literature.
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