Bubbles in Credit and Currency - How Hot Markets Cool Down

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.

List 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?

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.

Summary

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.

Additional text

Recommended by Fortune Magazine

'A remarkable book that anticipated the global financial crisis in the second half of 2008.' - Long Range Planning

Report

Recommended by Fortune Magazine
'A remarkable book that anticipated the global financial crisis in the second half of 2008.' - Long Range Planning

Product details

• Authors: B Brown, B. Brown
• Publisher: Springer Palgrave Macmillan
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2008
• EAN: 9781349362165
• ISBN: 978-1-349-36216-5
• No. of pages: 222
• Dimensions: 127 mm x 12 mm x 203 mm
• Weight: 254 g
• Illustrations: VII, 222 p.
• Subjects: Social sciences, law, business > Business; B, Accounting, Finance, macroeconomics, Economic history, Finance, general, Accounting/Auditing, International Economics, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Finance & accounting, Financial Economics, Monetary Economics, Management science, Management accounting & bookkeeping, Bookkeeping, Palgrave Business & Management Collection, Behavioral Finance;finance;trade