Hidden Collective Factors in Speculative Trading: A Study in Analytical Economics
Autor Bertrand M. Roehneren Limba Engleză Hardback – 11 sep 2009
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Specificații
ISBN-13: 9783642030475
ISBN-10: 3642030475
Pagini: 344
Ilustrații: XXII, 312 p.
Dimensiuni: 155 x 235 x 33 mm
Greutate: 0.66 kg
Ediția:2nd ed. 2009
Editura: Springer Berlin, Heidelberg
Colecția Springer
Locul publicării:Berlin, Heidelberg, Germany
ISBN-10: 3642030475
Pagini: 344
Ilustrații: XXII, 312 p.
Dimensiuni: 155 x 235 x 33 mm
Greutate: 0.66 kg
Ediția:2nd ed. 2009
Editura: Springer Berlin, Heidelberg
Colecția Springer
Locul publicării:Berlin, Heidelberg, Germany
Public țintă
ResearchCuprins
PROLOGUE.- Overall view of speculative markets.- HIDDEN COLLECTIVE DETERMINANTS.- Rational?.- Joint crashes.- Contagion of speculative frenzy.- REGULARITIES IN SPECULATIVE EPISODES.- Peak amplitude: the price multiplier effect.- Peak shape: the sharp peak - flat trough pattern.- Stock market bubbles.- THE TRIUMPH OF NEOLIBERALISM.- Triumph of neoliberalism in economics.- Triumph of neoliberalism in society.- Triumph of neoliberalism in finance.- Is there a way out?.
Recenzii
From the reviews of the first edition:
"This book promises a lot. … I found myself quite fascinated by the multitude of market events which are tabulated and carefully related to each other. … The book is an excellent example of why the econophysics approach is so very welcome in the finance field. … the book in general is an interesting and satisfying read." (Jessica James, Quantitative Finance, November 2001)
"This book promises a lot. … I found myself quite fascinated by the multitude of market events which are tabulated and carefully related to each other. … The book is an excellent example of why the econophysics approach is so very welcome in the finance field. … the book in general is an interesting and satisfying read." (Jessica James, Quantitative Finance, November 2001)
Textul de pe ultima copertă
What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis shows that there was a "phase transition" in the United States around 1975 which brought the following changes: - The stagnation of real wages over the past 30 years and a parallel rise in indebtment levels. - The abrupt fall in unionization rates and in the number of strikes. - The development of tax havens which deprived states of tax revenue. - The globalization of financial transactions which hinders long-term investment.
Caracteristici
Presents unified mathematical theory of speculation No technical prerequisites required Provides an understanding of the present economic crisis Contains four new chapters about neoliberalism and the economic crises Includes supplementary material: sn.pub/extras