Bubbles in Credit and Currency
How Hot Markets Cool Down
AvB. Brown
Inbunden, Engelska, 2008
561 kr
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Beskrivning
Drawing on behavioral finance theory and contemporary experience, this book explores how bubbles form and subsequently burst. The author introduces a new concept of swings in market temperature defined by the extent of heterogeneity of opinion and soft irrationality, and examines the importance of these swings in the credit markets.
