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Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets Book

Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets
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Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets, This book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the market., Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets
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Digital Copy
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  • Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets
  • Written by author Mathias Binswanger
  • Published by Edward Elgar Publishing Ltd, 1999/09/28
  • This book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the market.
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Authors

List of Figures
List of Tables
Preface
Introduction 1
1 Finance and the Real Economy - The Variety of Keynesian and Non-Keynesian Perspectives in Recent Research 15
2 Endogenous Money Creation and its Economic Implications 34
3 The Finance Process on a Macroeconomic Level from a Flow Perspective: A New Interpretation of Hoarding 59
4 The Role of Speculation in Economics 103
5 Do Bubbles Enhance Dynamic Efficiency? 116
6 Explaining Persistent Deviations from Fundamental Values on the Stock Market: Dynamic Extensions of the Noise Trader Model 145
7 The 1980s' Merger Wave, Speculative Bubbles, and the Shift to Debt: Leveraged Restructuring Transactions as Stock Price Boosters 189
8 Investment Activity, Profits and the Stock Market in the US Economy: Some Lessons from the Flow of Funds Data 208
9 Stock Returns and Real Activity: Is there Still a Connection? 241
10 Towards a Sustainable Bubble Economy? 289
References 334
Index 359


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Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets, This book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the market., Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets

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Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets, This book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the market., Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets

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Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets, This book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the market., Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets

Stock Markets, Speculative Bubbles and Economic Growth : New Dimensions in the Co-evolution of Real and Financial Markets

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