Narrow search
Showing 1 - 10 of 2,447
Cover Image
Micro-credit impact in Kyrgyzstan: A study case
Angioloni, Simone; Kudabaev, Zarylbek; Ames, Glenn C.W.; … - Southern Agricultural Economics Association - SAEA - 2013
Microcredit has expanded rapidly since its beginnings in the last 1970s, but whether and how much it reduces poverty is the subject of intense debate. Generally it depends on how the program is implemented and the set of policies that regulate it. In this spirit, microcredit impacts in the...
Persistent link: https://www.econbiz.de/10010880678
Cover Image
Bewertung von Schiffsfonds: Brücke zwischen Theorie und Praxis
Küster Simic, André; von Duesterlho, Jens-Eric; … - Hamburg School of Business Administration (HSBA) - 2008
Der Bewertung von Schiffsfonds kommt in der Praxis mit zunehmender Aktivität an neu entstandenen Zweitmärkten eine immer stärkere Beachtung zu. Wissenschaftlich ist dieses Thema noch kaum bearbeitet worden, obwohl die Bewertung von Schiffsbeteiligungen zahlreiche Besonderheiten aufweist und...
Persistent link: https://www.econbiz.de/10008728029
Cover Image
Bubbles and Information: An Experiment
Sutter, Matthias; Huber, Jürgen; Kirchler, Michael - In: Management Science 58 (2012) 2, pp. 384-393
economics. We study whether information about imminent future dividends can abate bubbles in experimental asset markets. We find … that markets with asymmetrically informed traders have significantly smaller bubbles than markets with symmetrically … efficiency--when some traders know more than others about future dividends. This suggests that bubbles are abated when traders …
Persistent link: https://www.econbiz.de/10010990559
Cover Image
A critique of Alan Greenspan’s retrospective on the crisis
Stein, Jerome - In: Journal of Financial Transformation 30 (2010), pp. 9-21
Alan Greenspan’s paper (March 2010) presents his retrospective view of the crisis. His theme has several parts. First, the housing price bubble, its subsequent collapse, and the financial crisis were not predicted either by the market, the Fed, the IMF, or the regulators in the years leading...
Persistent link: https://www.econbiz.de/10010991653
Cover Image
Risk assessment for uncertain cash flows: model ambiguity, discounting ambiguity, and the role of bubbles
Acciaio, Beatrice; Föllmer, Hans; Penner, Irina - In: Finance and Stochastics 16 (2012) 4, pp. 669-709
discounting ambiguity. We focus on supermartingale criteria for time consistency. In particular, we show how “bubbles” may appear …
Persistent link: https://www.econbiz.de/10010997036
Cover Image
Shifting martingale measures and the birth of a bubble as a submartingale
Biagini, Francesca; Föllmer, Hans; Nedelcu, Sorin - In: Finance and Stochastics 18 (2014) 2, pp. 297-326
In an incomplete financial market model, we study a flow in the space of equivalent martingale measures and the corresponding shifting perception of the fundamental value of a given asset. This allows us to capture the birth of a perceived bubble and to describe it as an initial submartingale...
Persistent link: https://www.econbiz.de/10010997053
Cover Image
Riding the South Sea Bubble
Temin, Peter; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress and that it invested knowingly in the bubble; it was profitable to "ride the bubble." Using a unique dataset on...
Persistent link: https://www.econbiz.de/10010851420
Cover Image
Theoretical Notes on Bubbles and the Current Crisis
Martin, Alberto; Ventura, Jaume - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...
Persistent link: https://www.econbiz.de/10010851442
Cover Image
A Mind is a Terrible Thing to Change: Confirmation Bias in Financial Markets
Pouget, Sébastien; Villeneuve, Stéphane - Institut d'Économie Industrielle (IDEI), Toulouse … - 2012
documented phenomena such as bubbles, crashes, reversals and excess price volatility and volume. Novel empirical predictions are … are twofold: i) optimal trading strategies involve riding bubbles, and that ii) contrarian trading can be optimal in some …
Persistent link: https://www.econbiz.de/10010852312
Cover Image
Burbujas e inestabilidad: el estado de la cuestión
Torrero Mañas, Antonio - Instituto Universitario de Análisis Económico y … - 2004
acuerdo respecto al fenómeno de las burbujas y situar el papel de los bancos centrales dentro de este panorama. Bubbles, that … overvaluation of assets, to set out the main points of agreement regarding the bubbles phenomenon, and to give central banks their …
Persistent link: https://www.econbiz.de/10010855131