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Bubbles in Credit and Currency: How Hot Markets Cool Down 1st ed. 2008 Edition
Author(s): B. Brown (Author)
- Publisher: Palgrave Macmillan
- Publication Date: July 24, 2008
- Edition: 1st ed. 2008
- Language: English
- Print length: 229 pages
- ISBN-10: 1349362166
- ISBN-13: 9781349362165
Book Description
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.
Editorial Reviews
Review
Recommended by Fortune Magazine
‘A remarkable book that anticipated the global financial crisis in the second half of 2008.’ – Long Range Planning
About the Author
Brendan Brown is an international economist practising in the city of London. He has authored many previous books on international financial topics, including Japanese and European monetary issues both actual and historical. His postgraduate degrees are from the University of Chicago and London School of Economics. He is a regular contributor to the Japanese financial media.
