Bubbles in credit and currency: how hot markets cool down
Auteur :
Brown, B.
Éditeur :
Palgrave Macmillan
ISBN :
9780230551329
Date de publication :
24 juil. 2008
Dimensions :
20,3 x 12,7 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.