Financial Market Bubbles and Crashes 在線電子書 圖書標籤:
發表於2024-11-10
Financial Market Bubbles and Crashes 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024
Despite the thousands of articles and the millions of times that the word 'bubble' has been used in the business press, there still does not appear to be a cohesive theory or persuasive empirical approach with which to study 'bubble' and 'crash' conditions. This book presents a plausible and accessible descriptive theory and empirical approach to the analysis of such financial market conditions. It advances such a framework through application of standard econometric methods to its central idea, which is that financial bubbles reflect urgent short side rationed demand. From this basic idea, an elasticity of variance concept is developed. It is further shown that a behavioral risk premium can probably be measured and related to the standard equity risk premium models in a way that is consistent with conventional theory.
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Financial Market Bubbles and Crashes 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024