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introduced in the first volume to a more technical level. Where volume I provided an introduction to the mathematics of bubbles …Chapter1 Asset price dynamics and stochastic processes -- Chapter2 Stylized facts of financial markets and bubbles … -- Chapter3 Introduction to contagions and bubbles -- Chapter4 Rational Social Learning -- Chapter5 Bubbles -- Chapter6 …
Persistent link: https://www.econbiz.de/10014019830
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
Persistent link: https://www.econbiz.de/10012656192
Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and … attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium … that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops …
Persistent link: https://www.econbiz.de/10012396855
is presented that helps explain why this is the case for traditional currency crises, but less so for asset bubbles. The …1. Overview: A Framework for Investing During Currency Crises and Asset Bubbles -- 2. Bretton Woods’ Collapse Alters …
Persistent link: https://www.econbiz.de/10012397123
Asset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt …
Persistent link: https://www.econbiz.de/10012397881
The Nature of Manias, Bubbles and Crashes: Introduction -- Value Trading vs. Momentum Trading -- The Rise of Manias and … Bubbles -- Stages in the Boom-Bubble-Bust Sequence -- Fueling the Boom - Role of the Media -- Bubbles, Wealth and Inflation … -- A Short History of Booms, Bubbles, and Busts: The New World -- Florida Land Boom of the 1920s -- The Stock Market and …
Persistent link: https://www.econbiz.de/10014017594
Allein in den ersten drei Wochen nach dem Mauerfall zahlte die Bundesrepublik an 16,4 Millionen DDR-Bürger jeweils 100 Mark Begrüßungsgeld aus. Was hätte aus diesem Einsatz in der seither vergangenen Zeit bei geschickter oder weniger geschickter Anlagetaktik werden können? Die politischen...
Persistent link: https://www.econbiz.de/10013517100
The US is slowly recovering from the aftermath of the burst of the 'new economy' bubble - which was one of the worst in monetary history. In this updated edition, Philip Arestis and Elias Karakitsos examine the causes and consequences of the burst of the 'new economy' bubble and investigate the...
Persistent link: https://www.econbiz.de/10012053852
The US is slowly recovering from the aftermath of the burst of the 'new economy' bubble - which was one of the worst in monetary history. Philip Arestis and Elias Karakitsos examine the causes and consequences of the burst of the 'new economy' bubble and investigate the impact on financial...
Persistent link: https://www.econbiz.de/10012106255