Bubbles in Credit and Currency: How Hot Markets Cool Down
Drawing on behavioral finance theory and contemporary experience, this bookexplores 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.
1100656157
Bubbles in Credit and Currency: How Hot Markets Cool Down
Drawing on behavioral finance theory and contemporary experience, this bookexplores 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.
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Bubbles in Credit and Currency: How Hot Markets Cool Down

Bubbles in Credit and Currency: How Hot Markets Cool Down

by Brendan Brown
Bubbles in Credit and Currency: How Hot Markets Cool Down

Bubbles in Credit and Currency: How Hot Markets Cool Down

by Brendan Brown

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Overview

Drawing on behavioral finance theory and contemporary experience, this bookexplores 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.

Product Details

ISBN-13: 9780230268340
Publisher: Palgrave Macmillan
Publication date: 07/24/2008
Sold by: Barnes & Noble
Format: eBook
File size: 264 KB

About the Author

Brendan Brown is an international economist practising in the city of London. He has authored many previous books on international financial topics, including Japanese and European monetary issues both actual and historical. His postgraduate degrees are from the University of Chicago and London School of Economics. He is a regular contributor to the Japanese financial media.

Table of Contents

Markets Hot and Cold Is Speculation a Positive Sum Game? Bubbles in Financial Genius What's New about the Carry Trade? How to Reduce Toxic Waste?
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