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Financial Market Bubbles and Crashes / (Record no. 74124)

MARC details
000 -LEADER
fixed length control field	03647cam a2200337 a 4500
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN	9780521263306
082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number	338.5/42 H23 F
Item number	102876
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name	Harold L Vogel
245 10 - TITLE STATEMENT
Title	Financial Market Bubbles and Crashes /
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication	New Delhi :
Name of publisher	Cambridge University Press,
Date of publication	2010.
300 ## - PHYSICAL DESCRIPTION
Number of Pages	xxvi, 358 p. :
Other physical details	ill. ;
Accompanying material	25 cm.
500 ## - GENERAL NOTE
General note	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.
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note	Part I. Background for Analysis -- 1. Introduction -- 2. Bubble stories -- 3. Random walks -- 4. Bubble theories -- 5. Framework for investigation -- Part II. Empirical Features and Results -- 6. Bubble basics -- 7. Bubble dynamics -- 8. Money and credit features -- 9. Behavioral risk features -- 10. Crashes, panics, and chaos -- 11. Financial asset bubble theory.
520 ## - SUMMARY, ETC.
Summary, etc.	"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"--Provided by publisher.
520 ## - SUMMARY, ETC.
Summary, etc.	"One would think that economists would by now have already developed a solid grip on how financial bubbles form and how to measure and compare them. This is not the case. Despite the thousands of articles in the professional literature 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 what is meant to be 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. The notion that easy credit provides fuel for bubbles is supported. 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"--Provided by publisher.
650 #0 - SUBJECT ADDED ENTRY -- TOPICAL TERM
Topical Term	Capital market.
650 #0 - SUBJECT ADDED ENTRY -- TOPICAL TERM
Topical Term	Financial crises.
650 #0 - SUBJECT ADDED ENTRY -- TOPICAL TERM
Topical Term	Commercial crimes.
856 42 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier	http://assets.cambridge.org/97805211/99674/cover/9780521199674.jpg
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type	Books

Holdings
Withdrawn status	Lost status	Damaged status	Not for loan	Collection code	Home library	Current library	Shelving location	Date acquired	Purchase price	Full call number	Barcode	Date last seen	Koha item type
				Non-fiction	Prajna Pratishthanam Library	Prajna Pratishthanam Library	Management	30/05/2018	625.00	338.5/42 H23 F 102877	102877	30/05/2018	Books