Bubbles, Crashes and Financial Disasters

Download Bubbles, Crashes and Financial Disasters PDF Online Free

Author :
Publisher : Austin Macauley Publishers
ISBN 13 : 1035836130
Total Pages : 376 pages
Book Rating : 4.0/5 (358 download)

DOWNLOAD NOW!


Book Synopsis Bubbles, Crashes and Financial Disasters by : Ralph Lyons

Download or read book Bubbles, Crashes and Financial Disasters written by Ralph Lyons and published by Austin Macauley Publishers. This book was released on 2024-05-24 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout history, the allure of promising opportunities has often ignited a speculative frenzy, arousing the get-rich-quick syndrome in millions of credulous souls, driving them to the extremes of ambition and greed in their quest for wealth. The symptoms of such behaviour frequently manifest during the build-up to a market crash, when months or even years of gains are wiped out in mere hours. This phenomenon is known as the ‘boom-and-bust scenario’, characterized by an economic bubble followed by a devastating crash. In this book, we delve into a number of remarkable events that have taken place between the seventeenth century and the present day, culminating in enormous financial losses for the general public or even the collapse of entire economies. The Great Crash of 1929 and some of the instances depicted from the 1980s onwards had seismic effects felt on a global scale. Today, despite living in a highly sophisticated world of economic regulation, financial manipulation, and extensive application of fiscal policy, economic bubbles still seem to burgeon from invisible beginnings, grow rapidly out of control, and then fragment into a melee of problems for modern society. While many believe that the random forces of human nature are responsible, spiralling out of control during periods of heady speculation, others share a different view. They argue that large economic bubbles are non-organic, engineered from within the system itself. This book takes a light-hearted journey through the subject matter, considering both the historical events and the intriguing possibility that financial engineering plays a role in the creation and destruction of economic bubbles.

Financial Market Bubbles and Crashes

Download Financial Market Bubbles and Crashes PDF Online Free

Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9783030791841
Total Pages : 0 pages
Book Rating : 4.7/5 (918 download)

DOWNLOAD NOW!


Book Synopsis Financial Market Bubbles and Crashes by : Harold L. Vogel

Download or read book Financial Market Bubbles and Crashes written by Harold L. Vogel and published by Palgrave Macmillan. This book was released on 2022-12-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists 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.

Manias, Panics and Crashes

Download Manias, Panics and Crashes PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 0230536751
Total Pages : 294 pages
Book Rating : 4.2/5 (35 download)

DOWNLOAD NOW!


Book Synopsis Manias, Panics and Crashes by : C. Kindleberger

Download or read book Manias, Panics and Crashes written by C. Kindleberger and published by Springer. This book was released on 2016-01-09 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manias, Panics and Crashes was first published in 1978, and dealt with financial crises that were, for the most part, before World War II. Black Monday of October 1987, along with more research especially on the years from 1880 to 1893 indicated a need for a second look. The third edition had its stimulus in the Japanese crash of January 1990, the effects of which carried through to decade. This new fourth edition covers the striking troubles of Mexico in 1994-95 and East Asia in 1997-98.

Financial Market Bubbles and Crashes, Second Edition

Download Financial Market Bubbles and Crashes, Second Edition PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 3319715283
Total Pages : 477 pages
Book Rating : 4.3/5 (197 download)

DOWNLOAD NOW!


Book Synopsis Financial Market Bubbles and Crashes, Second Edition by : Harold L. Vogel

Download or read book Financial Market Bubbles and Crashes, Second Edition written by Harold L. Vogel and published by Springer. This book was released on 2018-08-16 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists 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, and 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 can also be 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.

Financial Market Bubbles and Crashes

Download Financial Market Bubbles and Crashes PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030791823
Total Pages : 619 pages
Book Rating : 4.0/5 (37 download)

DOWNLOAD NOW!


Book Synopsis Financial Market Bubbles and Crashes by : Harold L. Vogel

Download or read book Financial Market Bubbles and Crashes written by Harold L. Vogel and published by Springer Nature. This book was released on 2021-12-17 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists 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.

Boom and Bust

Download Boom and Bust PDF Online Free

Author :
Publisher : Cambridge University Press
ISBN 13 : 1108369359
Total Pages : 297 pages
Book Rating : 4.1/5 (83 download)

DOWNLOAD NOW!


Book Synopsis Boom and Bust by : William Quinn

Download or read book Boom and Bust written by William Quinn and published by Cambridge University Press. This book was released on 2020-08-06 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.

Manias, Panics and Crashes

Download Manias, Panics and Crashes PDF Online Free

Author :
Publisher : Wiley
ISBN 13 : 9780471161714
Total Pages : 288 pages
Book Rating : 4.1/5 (617 download)

DOWNLOAD NOW!


Book Synopsis Manias, Panics and Crashes by : Charles P. Kindleberger

Download or read book Manias, Panics and Crashes written by Charles P. Kindleberger and published by Wiley. This book was released on 1996-12-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manias, Panics, and Crashes The best known and most highly regarded book on market crisis, Manias, Panics, and Crashes is entertaining, exhaustive, and thoroughly engaging. Since its introduction in 1978, it has charted a new landscape in the volatile world of financial markets. Charles Kindleberger's brilliant, panoramic history revealed how financial crises follow a nature-like rhythm: they peak and purge, swell and storm. Now in a newly revised and expanded third edition, Manias, Panics, and Crashes probes the most recent "natural disasters" of the markets-from Black Monday to the Japanese boom and bust, from the Sterling crisis and Peso devaluation to the potential "bubble" of today's technology stocks. Kindleberger's writing is both captivating and colorful, leading the reader through a myriad of financial free falls. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and '50s, all the way up to the crash of 1987 and last year's Peso devaluation, his sharply drawn history confronts a host of key questions: In the ups and downs of market behavior, where is the line between rational and irrational? Are the markets a fool's paradise in an explosive world? When the storm expands to dangerous proportions, who will calm the panic amid the thundering squall? Should a "lender of last resort" intervene to repair the wreckage and bury the carnage? Along with scores of casualties and criminals, a revealing common thread emerges from this rich history of manias, panics, and crashes: market crises are associated with greed and avarice. Just as money evolved from coins to include bank notes, bills of exchange, bank deposits, and checks, greed likewise took on many different forms. Lightning will strike an economic environment in strife, and Kindleberger explores what happens to the markets when conflicting interests arise. Manias, Panics, and Crashes can be regarded as a warning or a proposition, reminding readers, in many ways, that what goes around comes around. Like all true classics, Kindleberger's book remains timely-for better or for worse. "One never picks up a work by Charles Kindleberger without anticipating a feast of entertainment. But underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious." -from the Foreword by Peter L. Bernstein, author of Capital Ideas: The Improbable Origins of Modern Wall Street Originally written in 1978, Manias, Panics, and Crashes is still the best known and most highly regarded book on financial crises. From the currency devaluation in the Holy Roman Empire in 1618, through the California gold rush of the 1840s and '50s, all the way up to the crash of 1987 and last year's Peso devaluation, Manias, Panics, and Crashes reminds us that with regard to excess, greed, crisis, and money-what goes around still comes around. Acclaim for Manias, Panics, and Crashes "[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries." -Richard Lambert, Financial Times "Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisis-whatever and whenever that happens to be." -David Warsh, The Boston Globe "Manias, Panics, and Crashes glistens among the classic books on economics and finance." -S. Jay Levy, Chairman, The Jerome Levy Economics Institute of Bard College "This book sparkles with the best of Kindleberger's wit, insight, and passion for financial history. A real delight." -Robert Z. Aliber, Professor of International Economics and Finance, University of Chicago, Graduate School of Business

Why Stock Markets Crash

Download Why Stock Markets Crash PDF Online Free

Author :
Publisher : Princeton University Press
ISBN 13 : 1400885094
Total Pages : 449 pages
Book Rating : 4.4/5 (8 download)

DOWNLOAD NOW!


Book Synopsis Why Stock Markets Crash by : Didier Sornette

Download or read book Why Stock Markets Crash written by Didier Sornette and published by Princeton University Press. This book was released on 2017-03-21 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. In this book, Didier Sornette boldly applies his varied experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of the market price, otherwise known as a "bubble." Anchoring his sophisticated, step-by-step analysis in leading-edge physical and statistical modeling techniques, he unearths remarkable insights and some predictions--among them, that the "end of the growth era" will occur around 2050. Sornette probes major historical precedents, from the decades-long "tulip mania" in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. He concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe. Any investor or investment professional who seeks a genuine understanding of looming financial disasters should read this book. Physicists, geologists, biologists, economists, and others will welcome Why Stock Markets Crash as a highly original "scientific tale," as Sornette aptly puts it, of the exciting and sometimes fearsome--but no longer quite so unfathomable--world of stock markets.

Bubbles and Contagion in Financial Markets, Volume 1

Download Bubbles and Contagion in Financial Markets, Volume 1 PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 1137358769
Total Pages : 303 pages
Book Rating : 4.1/5 (373 download)

DOWNLOAD NOW!


Book Synopsis Bubbles and Contagion in Financial Markets, Volume 1 by : E. Porras

Download or read book Bubbles and Contagion in Financial Markets, Volume 1 written by E. Porras and published by Springer. This book was released on 2016-06-29 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the formation of bubbles and the contagion mechanisms afflicting financial markets is a must as extreme volatility events leave no market untouched. Debt, equity, real estate, commodities... Shanghai, NY, or London: The severe fluctuations, explained to a large extent by contagion and the fear of new bubbles imploding, justify the newly awaken interest in the contagion and bubble dynamics as yet again the world brazes for a new global economic upheaval. Bubbles and Contagion in Financial Markets explores concepts, intuition, theory, and models. Fundamental valuation, share price development in the presence of asymmetric information, the speculative behavior of noise traders and chartists, herding and the feedback and learning mechanisms that surge within the markets are key aspects of these dynamics. Bubbles and contagion are a vast world and fascinating phenomena that escape a narrow exploration of financial markets. Hence this work looks beyond into macroeconomics, monetary policy, risk aggregation, psychology, incentive structures and many more subjects which are in part co-responsible for these events. Responding to the ever more pressing need to disentangle the dynamics by which financial local events are transmitted across the globe, this volume presents an exhaustive and integrative outlook to the subject of bubbles and contagion in financial markets. The key objective of this volume is to give the reader a comprehensive understanding of all aspects that can potentially create the conditions for the formation and bursting of bubbles, and the aftermath of such events: the contagion of macro-economic processes. Achieving a better understanding of the formation of bubbles and the impact of contagion will no doubt determine the stability of future economies – let these two volumes be the starting point for a rational approach to a seemingly irrational phenomena.

Manias, Panics, and Crashes

Download Manias, Panics, and Crashes PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 1137525746
Total Pages : 435 pages
Book Rating : 4.1/5 (375 download)

DOWNLOAD NOW!


Book Synopsis Manias, Panics, and Crashes by : Robert Z. Aliber

Download or read book Manias, Panics, and Crashes written by Robert Z. Aliber and published by Springer. This book was released on 2017-12-07 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.

Plunder and Blunder

Download Plunder and Blunder PDF Online Free

Author :
Publisher : Berrett-Koehler Publishers
ISBN 13 : 160994478X
Total Pages : 183 pages
Book Rating : 4.6/5 (99 download)

DOWNLOAD NOW!


Book Synopsis Plunder and Blunder by : Dean Baker

Download or read book Plunder and Blunder written by Dean Baker and published by Berrett-Koehler Publishers. This book was released on 2009-01-20 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the second time this decade, the U.S. economy id sinking into a recession due to the collapse of a financial bubble. The most recent calamity will lead to a downturn deeper and longer than the stock market crash of 2001. Dean Baker's Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles and explains how policy blunders and greed led to the catastrophic --but completely predictable --market meltdowns. An expert guide to recent economic history, Baker offers policy prescriptions to help prevent similar financial disasters.

Manias, Panics and Crashes

Download Manias, Panics and Crashes PDF Online Free

Author :
Publisher :
ISBN 13 : 9780333670408
Total Pages : 263 pages
Book Rating : 4.6/5 (74 download)

DOWNLOAD NOW!


Book Synopsis Manias, Panics and Crashes by : Charles P. Kindleberger

Download or read book Manias, Panics and Crashes written by Charles P. Kindleberger and published by . This book was released on 1996 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists mostly believe that financial markets are ruled by rationality after intelligent investors digest all the relevant information. Economic historians concede that this is generally the case but that, on occasion, these markets get caught up in herd behaviour, possibly irrational enough to be called manias, overdo bidding asset prices up, leading to consequent and subsequent collapse.

The Last Three Stock Market Crashes. Can Boom and Bust Be Predicted?

Download The Last Three Stock Market Crashes. Can Boom and Bust Be Predicted? PDF Online Free

Author :
Publisher : GRIN Verlag
ISBN 13 : 3656956332
Total Pages : 18 pages
Book Rating : 4.6/5 (569 download)

DOWNLOAD NOW!


Book Synopsis The Last Three Stock Market Crashes. Can Boom and Bust Be Predicted? by : Arthur Ritter

Download or read book The Last Three Stock Market Crashes. Can Boom and Bust Be Predicted? written by Arthur Ritter and published by GRIN Verlag. This book was released on 2015-05-06 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Investment and Finance, grade: 15 (2,0), University of St Andrews (School of Management), course: Corporate Financial Management, language: English, abstract: Stock market crashes had occurred in the financial market since the very beginning and in every generation (Sornette, 2003a). “Greed, hubris and systemic fluctuations have given us the Tulip Mania, the South Sea bubble, the land booms in the 1920s and 1980s, the U.S. stock market and great crash in 1929, the October 1987 crash, to name just a few of the hundreds of ready examples“ (Sornette, 2003a, p. 7.). This essay will compare and contrast the last three major stock market crashes in 1987, 2000 and 2007. To do this, the essay will pay special emphasis on the causes of the three crashes. From there the essay will draw out the similarities and differences and will answer the question if boom and bust can be predicted.

Manias Panics And Crashes

Download Manias Panics And Crashes PDF Online Free

Author :
Publisher : New York : Basic Books
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Manias Panics And Crashes by : Charles P. Kindleberger

Download or read book Manias Panics And Crashes written by Charles P. Kindleberger and published by New York : Basic Books. This book was released on 1978 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist-historian chronicles the world's financial crisis, from the early-eighteenth-century South Sea Bubble fiasco to the minipanics of the early 1970s, covering every aspect of speculative manias and panics.

Crash and Beyond

Download Crash and Beyond PDF Online Free

Author :
Publisher :
ISBN 13 : 019957801X
Total Pages : 435 pages
Book Rating : 4.1/5 (995 download)

DOWNLOAD NOW!


Book Synopsis Crash and Beyond by : Andrew Farlow

Download or read book Crash and Beyond written by Andrew Farlow and published by . This book was released on 2013-04-11 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the multiple roots of the crisis, including the build-up of global economic imbalances, the explosion in the use of novel financial instruments, the mismanagement of risk, and the specific roles played by housing and debt.

Political Bubbles

Download Political Bubbles PDF Online Free

Author :
Publisher : Princeton University Press
ISBN 13 : 1400846390
Total Pages : 369 pages
Book Rating : 4.4/5 (8 download)

DOWNLOAD NOW!


Book Synopsis Political Bubbles by : Nolan McCarty

Download or read book Political Bubbles written by Nolan McCarty and published by Princeton University Press. This book was released on 2013-05-21 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: How governmental failure led to the 2008 financial crisis—and what needs to be done to avoid another similar event Behind every financial crisis lurks a "political bubble"—policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles—arising from a potent combination of beliefs, institutions, and interests—aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations—including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps—become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.

Boom and Bust

Download Boom and Bust PDF Online Free

Author :
Publisher : Cambridge University Press
ISBN 13 : 1108421253
Total Pages : 297 pages
Book Rating : 4.1/5 (84 download)

DOWNLOAD NOW!


Book Synopsis Boom and Bust by : William Quinn

Download or read book Boom and Bust written by William Quinn and published by Cambridge University Press. This book was released on 2020-08-06 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.