000			03597cam a2200385 a 4500
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008			090914s2010 nyum b a001 0 eng
010			_a2009038062
019			_a422763710
020			_a9780521199674 (hardback)
020			_a0521199670 (hardback)
035			_a(OCoLC)420940046
040			_aDLC _cDLC _dYDX _dYDXCP _dBWX _dCDX _dAGL _dUBY _dBWK _dSINLB _dOCLCQ _dVP@ _dKSU _dUtOrBLW
050	0	0	_aHG4523 _b.V64 2010
082	0	0	_a338.5/42 _222
100	1		_aVogel, Harold L., _d1946-
245	1	0	_aFinancial market bubbles and crashes / _cHarold L. Vogel.
260			_aNew York : _bCambridge University Press, _c2010.
300			_axxvi, 358 p. : _bill ; _c25 cm.
504			_aIncludes bibliographical references and index.
505	0		_aPart 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			_a"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			_a"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	_aCapital market.
650		0	_aFinancial crises.
650		0	_aCommercial crimes.
650		7	_aCapital market. _2sears
650		7	_aFinancial crises. _2sears
856	4	2	_3Cover image _uhttp://assets.cambridge.org/97805211/99674/cover/9780521199674.jpg
908			_a111101
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989			_a20230822095114.0
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