Bubbles in Credit and Currency: How Hot Markets Cool Down
Bubbles in Credit and Currency: How Hot Markets Cool Down
Palgrave Macmillan | 2008-09-15 | ISBN: 0230551327 | 240 pages | PDF | 1.2 MB
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.