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The Resource Bubbles in credit and currency : how hot markets cool down, Brendan Brown, (electronic book)

Bubbles in credit and currency : how hot markets cool down, Brendan Brown, (electronic book)

Label
Bubbles in credit and currency : how hot markets cool down
Title
Bubbles in credit and currency
Title remainder
how hot markets cool down
Statement of responsibility
Brendan Brown
Creator
Subject
Language
eng
Summary
  • 'The Age of Turbulence' has been characterized by a series of bubbles and subsequent crashes in credit and asset markets around the globe. This experience has sorely tested the conventional concepts of efficiency and rational expectations widely used in financial market analysis. In this book, a new analytical framework is developed, based on the path-breaking concept of temperature swings in the market-place. A rise or fall of temperature away from the usual temperature zone is defined by an increase in the prevalence of soft irrationality and a decrease in homogeneity of expectations. The author argues persuasively that both macro-economic policy-makers and portfolio investors have often failed to perceive the extent of temperature rise in credit markets and the knock-on impact on many related asset markets -- including real estate, private equity, currencies, and ultimately human talent. This is demonstrated across a range of historical and contemporary market experience, including the global credit bubbles of the late 1920s and late 2000s
  • 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
Member of
Cataloging source
UK-WkNB
http://library.link/vocab/creatorDate
1951-
http://library.link/vocab/creatorName
Brown, Brendan
Index
no index present
Literary form
non fiction
http://library.link/vocab/subjectName
  • Speculation
  • Investments
  • Stock exchanges
  • Markets
Label
Bubbles in credit and currency : how hot markets cool down, Brendan Brown, (electronic book)
Instantiates
Publication
Note
Originally published in: 2008
Bibliography note
Includes bibliographical references (p. [214]-217) and index
Contents
Markets hot and cold -- When is speculation a positive sum game? -- Bubbles in financial genius -- What's new about the carry trade? -- How to reduce toxic waste?
Control code
9780230227682
Extent
1 online resource (222 p.)
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9780230227682
Specific material designation
unspecified
Label
Bubbles in credit and currency : how hot markets cool down, Brendan Brown, (electronic book)
Publication
Note
Originally published in: 2008
Bibliography note
Includes bibliographical references (p. [214]-217) and index
Contents
Markets hot and cold -- When is speculation a positive sum game? -- Bubbles in financial genius -- What's new about the carry trade? -- How to reduce toxic waste?
Control code
9780230227682
Extent
1 online resource (222 p.)
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9780230227682
Specific material designation
unspecified

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