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.
Cuprins
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?
Despre autor
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.
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