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Financial Market Bubbles and Crashes: Features, Causes, and Effects

by Harold L. Vogel
$46.90
Compare to estimated retail price: S$128.67  

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Financial Market Bubbles and Crashes: Features, Causes, and Effects
Financial Market Bubbles and Crashes: Features, Causes, and Effects

Analyzing asset bubbles through short-side rationing.

If you're keen on understanding the enigmatic world of financial bubbles and market crashes, this book takes a unique angle that diverges from conventional economic theories. It could enhance your grasp of market dynamics, offering a fresh perspective that focuses on ownership quantities rather than traditional price considerations. As a modern reader looking to demystify financial upheavals, you might find Vogel's approach both intriguing and enlightening.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Financial Market Bubbles and Crashes: Features, Causes, and Effects

by Harold L. Vogel
$46.90
Compare to estimated retail price: S$128.67  

The item you've got your eye on is secondhand. You probably already know that, but just in case!

The estimated retail price shown next to any listed item represents the first-hand prices we've seen elsewhere, or the estimated original retail price of a comparable item of the same quality, construction and material offered elsewhere in new condition.

Condition guide

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ISBN: 9783030791810
Authors: Harold L. Vogel
Publisher: Palgrave Macmillan
Date of Publication: 2021-12-18
Format: Hardcover
Related Collections: Economics
Related Topics: Finance, Money
Goodreads rating: 5.0
(rated by 1 readers)

Description

Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.
 

Analyzing asset bubbles through short-side rationing.

If you're keen on understanding the enigmatic world of financial bubbles and market crashes, this book takes a unique angle that diverges from conventional economic theories. It could enhance your grasp of market dynamics, offering a fresh perspective that focuses on ownership quantities rather than traditional price considerations. As a modern reader looking to demystify financial upheavals, you might find Vogel's approach both intriguing and enlightening.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.