000			03823cam a2200409 a 4500
005			20150623165349.0
008			090914s2010 nyua b 001 0 eng
010			_a 2009038062
020			_a9780521199674 (hardback)
035			_a(OCoLC)ocn420940046
040			_aDLC _cDLC _dYDX _dYDXCP _dBWX _dCDX _dAGL _dUBY _dBWK _dDLC
060			_bV F
070	0		_aHG4523 _b.V64 2010
082	0	0	_a338.542 _222
084			_a338.542 _bV F
100	1		_aVogel, Harold L., _d1946-
245	1	0	_aFinancial market bubbles and crashes _h[[Book] /] _cHarold L. Vogel.
260			_aNew York : _bCambridge University Press, _c2010.
300			_axxvi, 358 p. : _bill. ; _c25 cm.
500			_aIncludes bibliographical references and index.
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.
521			_aAll age.
650		0	_aCapital market.
650		0	_aFinancial crises.
650		0	_aCommercial crimes.
700	1		_aVogel, Harold L.
856	4	2	_3Cover image _uhttp://assets.cambridge.org/97805211/99674/cover/9780521199674.jpg
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
925	0		_aacquire _b2 shelf copies _xpolicy default
955			_bxj12 2009-09-14 _cxj12 2009-09-14 ONIX _dxj03 2009-10-05 _exj05 2009-10-05 (telework) to Dewey _wrd05 2009-10-06 _axe10 2010-03-10 2 copies rec'd., to CIP ver. _fxj05 2010-03-23 Z-CipVer
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999			_c21304 _d21304