{"product_id":"financial-market-bubbles-and-crashes-features-causes-and-effects-paperback","title":"Financial Market Bubbles and Crashes: Features, Causes, and Effects - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eHarold L. Vogel\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eProvides wide-ranging and thorough examples and explanations of how and why bubbles and crashes have historically developed and are tied to money, credit, trust, psychology, risk preferences, behavioral and structural aspects, and social mood \u003c\/p\u003e \u003cp\u003eCovers the role of central banks and the relationship to commercial lending \u003c\/p\u003e \u003cp\u003ePresents a new descriptive theory and practical empirical approach to the measurement, analysis, and prediction of extreme financial market conditions \u003c\/p\u003e \u003cp\u003eServes as a handy scholarly reference for further studies via extensive surveys of previous academic research and history and updates through the 2020 virus-related crash and remarkable rebound​\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eEconomists 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.\u003c\/p\u003e\u003cp\u003eHarold (Hal) L. Vogel was the senior entertainment industry analyst at Merrill Lynch and inducted into \u003ci\u003eInstitutional Investor\u003c\/i\u003e magazine's All-America Research Team Hall of Fame in 2011. Holder of a PhD in financial economics, he is also a chartered financial analyst (C.F.A.) and served as an adjunct professor at Columbia University's Graduate School of Business. His books include \u003ci\u003eEntertainment Industry Economics: A Guide for Financial Analysis\u003c\/i\u003e (10\u003csup\u003eth\u003c\/sup\u003e edition 2020) and \u003ci\u003eTravel Industry Economics: A Guide for Financial Analysis\u003c\/i\u003e (4\u003csup\u003eth\u003c\/sup\u003e edition 2021). He currently heads an independent investment and consulting firm in New York City.\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eHarold (Hal) L. Vogel was the senior entertainment industry analyst at Merrill Lynch and inducted into \u003ci\u003eInstitutional Investor\u003c\/i\u003e magazine's All-America Research Team Hall of Fame in 2011. Holder of a PhD in financial economics, he is also a chartered financial analyst (C.F.A.) and served as an adjunct professor at Columbia University's Graduate School of Business. His books include \u003ci\u003eEntertainment Industry Economics: A Guide for Financial Analysis\u003c\/i\u003e (10\u003csup\u003eth\u003c\/sup\u003e edition 2020) and \u003ci\u003eTravel Industry Economics: A Guide for Financial Analysis\u003c\/i\u003e (4\u003csup\u003eth\u003c\/sup\u003e edition 2021). He currently heads an independent investment and consulting firm in New York City.\u003cbr\u003e\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 579\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.28 x 9.21 x 6.14 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 19, 2022\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":47202192457977,"sku":"9783030791841","price":105.28,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0789\/2782\/3097\/files\/M3E1SjNVYTQrUnNIclRrNnZpbmwzdz09.webp?v=1767991294","url":"https:\/\/bookscloud.io\/products\/financial-market-bubbles-and-crashes-features-causes-and-effects-paperback","provider":"BooksCloud Book Dropshipping","version":"1.0","type":"link"}