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Asset Bubbles.
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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2015.
|
| Colección: | IMF Working Papers.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Jones, Bradley. | |
| 245 | 1 | 0 | |a Asset Bubbles. |
| 260 | |a Washington : |b International Monetary Fund, |c 2015. | ||
| 300 | |a 1 online resource (60 pages) | ||
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| 490 | 1 | |a IMF Working Papers ; |v v. Working Paper No. 15/27 | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a 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. | |
| 505 | 8 | |a 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. | |
| 520 | |a 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. | ||
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 650 | 0 | |a Asset-liability management. | |
| 650 | 0 | |a Financial risk management. | |
| 650 | 0 | |a Monetary policy. | |
| 650 | 0 | |a Economic policy. | |
| 650 | 6 | |a Gestion des actifs et des passifs. | |
| 650 | 6 | |a Finances |x Gestion du risque. | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 6 | |a Politique économique. | |
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| 650 | 7 | |a Economic policy |2 fast | |
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| 776 | 0 | 8 | |i Print version: |a Jones, Bradley. |t Asset Bubbles: Re-thinking Policy for the Age of Asset Management. |d Washington : International Monetary Fund, ©2015 |
| 830 | 0 | |a IMF Working Papers. | |
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