£54.78

MACMILLAN Financial Market Bubbles and Crashes: Features, Causes, and Effects

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£55 today · all-time low £52 (Jun 2024) · usually the usual

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Last 583 days • 583 data points (No recent data available)

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£74.99 £49.92 £55.39 £60.86 £66.33 £71.80 £77.27 09 June 2024 01 November 2024 27 March 2025 19 August 2025 12 January 2026

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19 days 400 days · current 146 days · current 7 days 11 days 0 100 200 300 400 £52 £54 £55 £58 £75 Days at Price

Price Analysis

Most common price: £54 (400 days, 68.6%)

Price range: £52 - £75

Price levels: 5 different prices over 583 days

Description

Economists 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.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
18 December 2021
Listed Since
19 May 2021

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