{"product_id":"financial-market-bubbles-and-crashes-features-causes-and-effects-9783030791841","title":"Financial Market Bubbles and Crashes: Features,","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eEconomists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and are defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePart I- Background1. Introduction2. Bubble Stories3. Crash Stories   4. Money and Credit Features\u003cbr\u003ePart II- Theories Past5. Random Walks6. Rationality Rules7. Behavioral Beats\u003cbr\u003ePart III- Theories Present and Future8. Bubble Dynamics9. Behavioral Risk Features10. Estimating and Forecasting\u003cbr\u003ePart IV- Round Up11. Financial Asset Bubble Theory\u003cbr\u003e","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":48889013403991,"sku":"9783030791841","price":41.24,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9783030791841.jpg?v=1722552265","url":"https:\/\/bookcurl.com\/products\/financial-market-bubbles-and-crashes-features-causes-and-effects-9783030791841","provider":"Book Curl","version":"1.0","type":"link"}