Asset Bubbles.

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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. pr...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Jones, Bradley
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2015.
Colección:IMF Working Papers.
Temas:
Asset-liability management.
Financial risk management.
Monetary policy.
Economic policy.
Gestion des actifs et des passifs.
Finances > Gestion du risque.
Politique monétaire.
Politique économique.
BUSINESS & ECONOMICS > Finance.
Asset-liability management
Economic policy
Financial risk management
Monetary policy
Acceso en línea:Texto completo
Descripción
Sumario: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.
Descripción Física:1 online resource (60 pages)
ISBN:9781498304153
149830415X

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