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This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a...
Persistent link: https://www.econbiz.de/10013522767
As the financial crisis engulfs the world economy, there is an ambitous agenda for regulatory reform. This book …
Persistent link: https://www.econbiz.de/10012106221
Global Economic Crisis? bridges the gap between theory and policy by examining the destabilising effects of financial crises …
Persistent link: https://www.econbiz.de/10012106293
Vera Stolz-Gerhardt untersucht die Notwendigkeit der Rettung systemrelevanter Banken und diskutiert darauf aufbauend die in der Finanzkrise 2007 - 2009 etablierten staatlich induzierten Bankenrettungsmaßnahmen (Bailouts). Sie zeigt auf, dass diese das systemische Risiko insgesamt erhöhen...
Persistent link: https://www.econbiz.de/10012401800
global crisis presented by the monetary circuit theory, with a special emphasis on Minsky’s financial instability hypothesis …. The authors present a commentary on Keynes’s General Theory with an emphasis on his theory of the scarcity of capital, his … decades. The authors point out the need to redefine the open economy macroeconomics model, switching it from a world …
Persistent link: https://www.econbiz.de/10012402216
triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory … approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock … can be downloaded at extras.springer.com. In this book modern portfolio theory meets behavioral finance, resulting in new …
Persistent link: https://www.econbiz.de/10012402226
The financial crisis of 2008 is probably the single most important economic event in post-war history. Macroprudential policy is the response to that crisis - a determined attempt to stabilize the financial system. This book explains why it is necessary, who will be responsible for executing...
Persistent link: https://www.econbiz.de/10012054319
Sunanda Sen offers an analysis of the ongoing malaise in the world economy, which include the financial and real …
Persistent link: https://www.econbiz.de/10012054383
Globalization, Specialization and Innovation Dynamics.- Savings, Investment and Growth: New Approaches for Macroeconomic Modeling -- Economic Integration, Technological Progress and Growth -- Impact of the Real Exchange Rate on Trade, Structural Change and Growth -- Macroeconomic Aspects of...
Persistent link: https://www.econbiz.de/10014015399
: Static Portfolio Theory: CAPM and Extentsions -- Consumption Based Asset Pricing Models -- Asset Pricing Models with … theory, multi-agent and evolutionary approaches, capital asset pricing beyond consumption-based models, and dynamic portfolio …
Persistent link: https://www.econbiz.de/10013522915