Bubbles in Credit and Currency
Author | : B. Brown |
Publisher | : Springer |
Total Pages | : 230 |
Release | : 2008-07-24 |
ISBN-10 | : 9780230227682 |
ISBN-13 | : 0230227686 |
Rating | : 4/5 (686 Downloads) |
Download or read book Bubbles in Credit and Currency written by B. Brown and published by Springer. This book was released on 2008-07-24 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.