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Dynamic relationship between China's inward and outward foreign direct investments

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On economic theory and recovery of the financial crisis

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On Economic Theory and Recovery of the Financial Crisis

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On Economic Theory and Recovery of the Financial Crisis

Yao, Shujie; Zhang, Jing - 2011

This paper presents a new economic theory to explain the evolution of a financial crisis and why a major crisis may take a long time to recover. It suggests that asymmetric psychological reactions of market players to gains and losses are the principal cause of a crisis and responsible for...

Persistent link: https://www.econbiz.de/10014181715