Coverart for item
The Resource Asset Bubbles, (electronic resource)

Asset Bubbles, (electronic resource)

Label
Asset Bubbles
Title
Asset Bubbles
Creator
Subject
Language
eng
Summary
In distilling a vast literature spanning the rational- irrational divide, this paper offers reflections on why asset bubbles continue to threaten economic stability despite financial markets becoming more informationally-efficient, more complete, and more heavily influenced by sophisticated (i.e. presumably rational) institutional investors. Candidate explanations for bubble persistence-such as limits to learning, frictional limits to arbitrage, and behavioral errors-seem unsatisfactory as they are inconsistent with the aforementioned trends impacting global capital markets. In lieu of the sho
Member of
http://library.link/vocab/creatorName
Jones, Bradley
Dewey number
332.10681
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF Working Papers
Series volume
v. Working Paper No. 15/27
http://library.link/vocab/subjectName
  • Asset-liability management
  • Financial risk management
  • Monetary policy
  • Economic policy
Label
Asset Bubbles, (electronic resource)
Instantiates
Publication
Contents
  • Cover; Abstract; Contents; I. Introduction; Figures; Figure 1. Worldwide Financial Assets and Institutional Assets; Figure 2. Bank Assets vs. Investment Firm Assets under Management; II. The 'Clean vs. Lean' Debate: A Survey; Tables; Table 1. Dimensions of the Traditional 'Clean vs. Lean' Debate; III. Theories of (In)Efficient Markets and Speculative Bubbles; A. Bubbles and the (In)Efficiency of Markets -- A Review; B. Competing Models of Bubble Formation and Persistence; Table 2. Stylized Summary of Asset Pricing/Bubble Models; Figure 3. Benchmark Decomposition of Hedge Fund Returns
  • Figure 4. Subjective vs. Objective Expected ReturnsIV. Policy Implications; Table 3. Mapping Policy Responses to Bubble Models; Figure 5. Relative 10-year Annualized Outperformance of Fundamental-based Indices; V. Concluding Remarks and Future Research
Control code
ocn905985521
Dimensions
unknown
Extent
1 online resource (60 pages)
Form of item
online
Isbn
9781498304153
Specific material designation
remote
System control number
(OCoLC)905985521
Label
Asset Bubbles, (electronic resource)
Publication
Contents
  • Cover; Abstract; Contents; I. Introduction; Figures; Figure 1. Worldwide Financial Assets and Institutional Assets; Figure 2. Bank Assets vs. Investment Firm Assets under Management; II. The 'Clean vs. Lean' Debate: A Survey; Tables; Table 1. Dimensions of the Traditional 'Clean vs. Lean' Debate; III. Theories of (In)Efficient Markets and Speculative Bubbles; A. Bubbles and the (In)Efficiency of Markets -- A Review; B. Competing Models of Bubble Formation and Persistence; Table 2. Stylized Summary of Asset Pricing/Bubble Models; Figure 3. Benchmark Decomposition of Hedge Fund Returns
  • Figure 4. Subjective vs. Objective Expected ReturnsIV. Policy Implications; Table 3. Mapping Policy Responses to Bubble Models; Figure 5. Relative 10-year Annualized Outperformance of Fundamental-based Indices; V. Concluding Remarks and Future Research
Control code
ocn905985521
Dimensions
unknown
Extent
1 online resource (60 pages)
Form of item
online
Isbn
9781498304153
Specific material designation
remote
System control number
(OCoLC)905985521

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