Explaining Financial Crises: A Cyclical Approach: 53 (Hohenheimer Volkswirtschaftliche Schriften) - Softcover
Synopsis
This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present cyclical approach is consistent with the following three stylized facts. Firstly, systemic financial crises are a recurrent phenomenon generally accompanied by excessive boom-bust cycles. Secondly, the frequency of financial crisis cycles is very irregular. Thirdly, most financial crisis cycles are initiated by positive shocks to profit expectations which induce an unsustainable build-up of financial fragility driven by irrational exuberance. The present approach is based on a sophisticated balancesheet structure with many assets, as well as on an expectation formation scheme which combines the rational expectations hypothesis with Keynes' Beauty Contest Theory.
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About the Author
The Author: Marc Peter Radke was born in 1972 in Ludwigsburg. After graduation from grammar school in 1992, he did an apprenticeship as a bank clerk in Stuttgart which he completed in 1994. From 1994 to 1999 he studied economics and business management at the University of Hohenheim. From 1999 to 2005 he was a research and teaching assistant with the Department of Economics at the University of Hohenheim and received his Ph.D. in economics in 2005. He is now working as an economist for the Deutsche Bundesbank in Frankfurt am Main.
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Explaining Financial Crises
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Peter Lang Ltd. International Academic Publishers Okt 2005, 2005
ISBN 10: 3631543506
ISBN 13: 9783631543504
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present cyclical approach is consistent with the following three stylized facts. Firstly, systemic financial crises are a recurrent phenomenon generally accompanied by excessive boom-bust cycles. Secondly, the frequency of financial crisis cycles is very irregular. Thirdly, most financial crisis cycles are initiated by positive shocks to profit expectations which induce an unsustainable build-up of financial fragility driven by irrational exuberance. The present approach is based on a sophisticated balancesheet structure with many assets, as well as on an expectation formation scheme which combines the rational expectations hypothesis with Keynes' Beauty Contest Theory. 410 pp. Englisch. Seller Inventory # 9783631543504
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Explaining Financial Crises
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present cyclical approach is consistent with the following three stylized f. Seller Inventory # 129076752
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Explaining Financial Crises
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Peter Lang, Peter Lang Okt 2005, 2005
ISBN 10: 3631543506
ISBN 13: 9783631543504
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present cyclical approach is consistent with the following three stylized facts. Firstly, systemic financial crises are a recurrent phenomenon generally accompanied by excessive boom-bust cycles. Secondly, the frequency of financial crisis cycles is very irregular. Thirdly, most financial crisis cycles are initiated by positive shocks to profit expectations which induce an unsustainable build-up of financial fragility driven by irrational exuberance. The present approach is based on a sophisticated balancesheet structure with many assets, as well as on an expectation formation scheme which combines the rational expectations hypothesis with Keynes' Beauty Contest Theory.Lang, Peter GmbH, Gontardstraße 11, 10178 Berlin 436 pp. Englisch. Seller Inventory # 9783631543504
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Explaining Financial Crises : A Cyclical Approach
Published by
Peter Lang, Peter Lang, 2005
ISBN 10: 3631543506
ISBN 13: 9783631543504
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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book develops a new theoretical approach to the explanation of systemic financial crises in industrial and emerging market countries. In contrast to standard models, the present cyclical approach is consistent with the following three stylized facts. Firstly, systemic financial crises are a recurrent phenomenon generally accompanied by excessive boom-bust cycles. Secondly, the frequency of financial crisis cycles is very irregular. Thirdly, most financial crisis cycles are initiated by positive shocks to profit expectations which induce an unsustainable build-up of financial fragility driven by irrational exuberance. The present approach is based on a sophisticated balancesheet structure with many assets, as well as on an expectation formation scheme which combines the rational expectations hypothesis with Keynes' Beauty Contest Theory. Seller Inventory # 9783631543504
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Explaining Financial Crises | A Cyclical Approach
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Taschenbuch. Condition: Neu. Explaining Financial Crises | A Cyclical Approach | Marc Peter Radke | Taschenbuch | Hohenheimer volkswirtschaftliche Schriften | Englisch | 2005 | Peter Lang | EAN 9783631543504 | Verantwortliche Person für die EU: Lang, Peter GmbH, Gontardstr. 11, 10178 Berlin, r[dot]boehm-korff[at]peterlang[dot]com | Anbieter: preigu. Seller Inventory # 103566478