Stock Market : Bubbles, Volatility, and Chaos : Proceedings of the Thirteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Lo

Dwyer, Gerald P., Jr.; Hafer, R. W. (EDT)

ISBN 10: 0792390296 / ISBN 13: 9780792390299

Published by Springer, 1989

Unread book in perfect condition. Seller Inventory # 2477658

Synopsis:

Gerald P. Dwyer, Jr. and R. W. Hafer The articles and commentaries included in this volume were presented at the Federal Reserve Bank of St. Louis' thirteenth annual economic policy conference, held on October 21-22, 1988. The conference focused on the behavior of asset market prices, a topic of increasing interest to both the popular press and to academic journals as the bull market of the 1980s continued. The events that transpired during October, 1987, both in the United States and abroad, provide an informative setting to test alter­ native theories. In assembling the papers presented during this conference, we asked the authors to explore the issue of asset pricing and financial market behavior from several vantages. Was the crash evidence of the bursting of a speculative bubble? Do we know enough about the work­ ings of asset markets to hazard an intelligent guess why they dropped so dramatically in such a brief time? Do we know enough to propose regulatory changes that will prevent any such occurrence in the future, or do we want to even if we can? We think that the articles and commentaries contained in this volume provide significant insight to inform and to answer such questions. The article by Behzad Diba surveys existing theoretical and empirical research on rational bubbles in asset prices.

Product Description: The Stock Market: Stock Market - Bubbles, Volatility and Chaos 13th Proceedings of the Thirteenth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Bibliographic Details

Title: Stock Market : Bubbles, Volatility, and ...
Publisher: Springer
Publication Date: 1989
Binding: Hardcover
Condition: As New