Bubbles in Credit and Currency: How Hot Markets Cool Down

Brown, B.

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2008-07-24

Format: Hardcover

ISBN-13: 9780230551329

DOI: 10.1057/9780230227682

Dimensions: 203cm x127cm

Pages: 222