Bubbles in Credit and Currency
How Hot Markets Cool Down| By: | B. Brown |
| Publisher: | Springer Nature |
| Print ISBN: | 9780230551329 |
| eText ISBN: | 9780230227682 |
| Edition: | 0 |
| Copyright: | 2008 |
| Format: | Page Fidelity |
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Drawing on behavioral finance theory and contemporary experience, this book explores how bubbles form and subsequently burst. The author introduces a new concept of swings in market temperature defined by the extent of heterogeneity of opinion and soft irrationality, and examines the importance of these swings in the credit markets.