000762834 000__ 05050cam\a2200517Ii\4500 000762834 001__ 762834 000762834 005__ 20230306142241.0 000762834 006__ m\\\\\o\\d\\\\\\\\ 000762834 007__ cr\un\nnnunnun 000762834 008__ 160329s2016\\\\nyu\\\\\ob\\\\001\0\eng\d 000762834 019__ $$a952705998 000762834 020__ $$a9781137358769$$q(electronic book) 000762834 020__ $$a1137358769$$q(electronic book) 000762834 020__ $$z9781137358752 000762834 020__ $$z1137358750 000762834 035__ $$aSP(OCoLC)ocn945773053 000762834 035__ $$aSP(OCoLC)945773053$$z(OCoLC)952705998 000762834 040__ $$aYDXCP$$beng$$epn$$cYDXCP$$dAZU$$dOCLCO$$dDKDLA$$dOCLCF$$dCOO$$dN$T$$dOCLCQ$$dEBLCP$$dUIU$$dOCLCQ$$dSTF 000762834 049__ $$aISEA 000762834 050_4 $$aHG4521$$b.P577 2016 v. 1eb 000762834 08204 $$a338.5/42$$223 000762834 1001_ $$aPorras, Eva R.,$$eauthor. 000762834 24510 $$aBubbles and contagion in financial markets.$$nVolume 1 :$$ban integrative view /$$cE. Porras. 000762834 264_1 $$aNew York :$$bPalgrave Macmillan,$$c2016. 000762834 300__ $$a1 online resource 000762834 336__ $$atext$$btxt$$2rdacontent 000762834 337__ $$acomputer$$bc$$2rdamedia 000762834 338__ $$aonline resource$$bcr$$2rdacarrier 000762834 504__ $$aIncludes bibliographical references and indexes. 000762834 5050_ $$aCover; Bubbles and Contagion in Financial Markets, Volume 1; Contents; List of Tables and Figures; Preface; Acknowledgments; List of Acronyms; 1 Introduction to Bubbles and Contagion; 1.1. Current situation; 1.2. Definitions; 1.2.1. Contagion definition; 1.2.2. Bubble definition; 1.3. Brief history and analysis of some bubbles; 1.3.1. Tulip Mania; 1.3.2. South Sea Bubble (1719-1720); 1.3.3. Railway Mania; 1.3.4. Dot-com Bubble; 1.3.5. The housing bubble; 1.4. Causes of bubbles and contagion; 1.4.1. Conditions; 1.4.2. Bounded rationality; 1.4.3. The financial accelerator; 1.4.4. Herding. 000762834 5058_ $$a1.4.5. Trade linkages1.4.6. Financial linkages; 1.5. The life cycle of a bubble; 1.5.1. Phases of a bubble's life cycle; 1.5.2. Resulting misallocations; 1.5.3. Balance-sheet recession; 2 Macro "Players" in Bubble Formation and Contagion Processes; 2.1. Monetary and fiscal policy; 2.2. Credit, global flows, and the repricing of risk; 2.3. Connectivity, systemic risk sharing, and transmission mechanisms; 2.3.1. Connectivity and exposures; 2.3.2. The financial accelerator's role in the transmission of crises; 2.3.3. Economic instability and financial risk. 000762834 5058_ $$a2.3.4. Systemic risk and transmission mechanisms2.3.4.1. Creditor/depositor runs; 2.3.4.2. Information-induced bank runs; 2.3.4.3. Collateral/margin runs; 2.3.4.4. Loss spiral; 2.3.4.5. Margin/haircut or leverage spiral; 2.3.4.6. Contagion and flight to safety; 2.3.4.7. Lenders' limitations; 2.3.4.8. Network externalities; 2.3.4.9. Feedback effects between financial sector risk and sovereign risk; 3 Contributors to the Bubble Formation and Contagion Process; 3.1. Market imperfections; 3.2. Asymmetric information; 3.2.1. Improved stock liquidity; 3.2.2. Reduced cost of capital. 000762834 5058_ $$a3.2.3. Increased information intermediation3.3. Self-fulfilling expectations and reflexivity; 3.3.1. Reflexive relations; 3.3.2. Feedback, collective behaviors, and herding; 3.4. Executive compensation and bad incentives; 3.5. Speculative trading; 3.6. Aspects of behavioral finance; 3.6.1. Rational choice and bounded rationality; 3.6.2. A dual-system theory: intuition and accessibility; 3.6.3. Framing effects; 3.6.4. Attribute substitution: a model of judgment by heuristic principles; 3.6.5. Changes or states: standard utility versus Prospect Theory. 000762834 5058_ $$a3.6.6. Applying behavioral economics to financial markets1433.6.6.1. Preferences; 3.6.6.2. Beliefs; 3.6.6.3. Decision-making process; 3.7. Biases, strategies, competition, market failures, policy, and regulation; 3.7.1. Information asymmetries; 3.7.2. Externalities and cross-subsidies; 3.7.3. Root causes and remedies for problems; 3.7.4. Practical challenges for interventions; 4 Bubbles versus the Valuation of Fundamentals; 4.1. The role of "expectations"; 4.2. Detecting bubbles; 4.3. Fundamentals of valuation; 4.3.1. Accounting value; 4.3.2. Discounted cash flow value; 4.3.3. Residual value. 000762834 506__ $$aAccess limited to authorized users. 000762834 520__ $$aAsset bubbles and contagion have had a profound effect on the financial markets after the financial and sovereign debt crises. This book takes a quantitative approach to examining these phenomena and will appeal to practitioners who need to understand the repercussions of these events on trading exchanges and the markets. 000762834 588__ $$aOnline resource; title from PDF title page (viewed August 17, 2016). 000762834 650_0 $$aInvestments. 000762834 650_0 $$aSecurities. 000762834 650_0 $$aCapital market. 000762834 650_0 $$aFinancial crises. 000762834 77608 $$iPrint version record:$$aPorras, Eva R.$$tBubbles and contagion in financial markets, Volume 1.$$dNew York : Palgrave Macmillan, 2016$$z9781137358752$$w(DLC) 2015040558$$w(OCoLC)918878579 000762834 852__ $$bebk 000762834 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1057/9781137358769$$zOnline Access$$91397441.1 000762834 909CO $$ooai:library.usi.edu:762834$$pGLOBAL_SET 000762834 980__ $$aEBOOK 000762834 980__ $$aBIB 000762834 982__ $$aEbook 000762834 983__ $$aOnline 000762834 994__ $$a92$$bISE