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This article examines the financial crisis of 2008 and connections to corporate finance theory. The financial products … diversification, the capital asset pricing model, and options theory. The theories have a scientific basis but can get deployed (in …. The article provides an intellectual history of mainstream corporate finance theory and argues that it, despite the …
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Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed and examines which theories researchers should preserve and develop. It...
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