Cantitate/Preț
Produs
Total produse
Vezi coșul
Rational Bubbles: Theoretical Basis, Economic Relevance, and Empirical Evidence with a Special Emphasis on the German Stock Market de Matthias Salge

Rational Bubbles: Theoretical Basis, Economic Relevance, and Empirical Evidence with a Special Emphasis on the German Stock Market: Lecture Notes in Economics and Mathematical Systems, cartea 451

Autor Matthias Salge
en Limba Engleză Paperback – 23 mai 1997
3 On the Economic Relevance of Rational Bubbles 79 3. 1 Capital markets . . . . . . . . . 80 3. 1. 1 Efficient capital markets 86 3. 1. 2 Rational bubbles on capital markets. 93 3. 1. 3 Economic caveats . 103 3. 2 Foreign exchange markets 109 3. 3 Hyperinflation. . . . . . . 117 4 On Testing for Rational Bubbles 123 4. 1 Indirect tests . . . . . . . . . 123 4. 1. 1 Variance bounds tests 124 4. 1. 2 Specification tests . . . 137 4. 1. 3 Integration and cointegration tests 140 4. 1. 4 Final assessment of indirect tests . 150 4. 1. 5 A digression: Charemza, Deadman (1995) analysis. 151 4. 2 Direct tests . . . . . . . . . . . . . . . . . . . . . . . . 157 4. 2. 1 Deterministic bubble in German hyperinflation. 158 4. 2. 2 Intrinsic bubbles on stock markets. 163 4. 2. 3 An econometric caveat . . . . . 168 4. 2. 4 Final assessment of direct tests 172 5 On the Explanatory Power of Rational Bubbles on the G- man Stock Market 175 5. 1 Data . . . . . . . 175 5. 2 Direct test for rational bubbles 181 5. 2. 1 Temporary Markovian bubbles. 184 5. 2. 2 Temporary intrinsic bubbles . . 193 ix 5. 2. 3 Permanent intrinsic bubbles 198 5. 3 A digression: Testing for unit roots 204 6 Concluding Remarks 215 A Results 221 A. 1 Temporary markovian bubbles. 221 A. 2 Temporary intrinsic bubbles . . 225 A. 3 Permanent intrinsic bubbles - Class 1 to 2 229 A. 4 Permanent intrinsic bubbles - Class 3 to 6 230 A. 5 Integration tests. . . . . . . . . . . . . . .
Citește tot Restrânge

Din seria Lecture Notes in Economics and Mathematical Systems

  • Supply Chain Coordination in Case of Asymmetric Information
    Preț: 36838 lei
  • A Study of the Queueing Systems M/G/1 and GI/M/1
    Preț: 36565 lei
  • 15% Innovations in Distribution Logistics
    Preț: 61667 lei
  • Einführung in die Theorie und Praxis der Entscheidung bei Unsicherheit
    Preț: 42835 lei
  • Stochastische Lagerhaltungsmodelle
    Preț: 47867 lei
  • Cluster Analysis
    Preț: 36590 lei
  • Optimal Subset Selection
    Preț: 36995 lei
  • Optimal Control Theory and its Applications: Proceedings of the Fourteenth Biennial Seminar of the Canadian Mathematical Congress University of Western Ontario, August 12–25, 1973. Part I
    Preț: 38448 lei
  • 15% Supercritical Wing Sections II: A Handbook
    Preț: 61834 lei
  • Introduction to the Theory of Matroids
    Preț: 36471 lei
  • Mathematical Systems Theory and Economics I/II: Proceeding of an International Summer School held in Varenna, Italy, June 1–12, 1967
    Preț: 43764 lei
  • Optimal Control of Discrete Time Stochastic Systems
    Preț: 37076 lei
  • 15% Variable Structure Systems with Application to Economics and Biology
    Preț: 61865 lei
  • Objectives and Multi-Objective Decision Making Under Uncertainty
    Preț: 36399 lei
  • Stabilitätsaussagen über Klassen von Matrizen mit verschwindenden Zeilensummen
    Preț: 33198 lei
  • Produktionstheorie
    Preț: 40958 lei
  • Foundations of System Theory: Finitary and Infinitary Conditions
    Preț: 36318 lei
  • 18% Input-Output Analysis and the Structure of Income Distribution
    Preț: 74339 lei
  • Optimization and Operations Research: Proceedings of a Conference Held at Oberwolfach, July 27–August 2, 1975
    Preț: 37768 lei
  • Traffic Equilibrium Methods: Proceedings of the International Symposium Held at the Université de Montréal, November 21–23, 1974
    Preț: 38637 lei
  • 15% Inflation in Small Countries
    Preț: 62072 lei
  • Specification and Estimation of Multiple-Output Production Functions
    Preț: 36723 lei
  • On Regenerative Processes in Queueing Theory
    Preț: 36318 lei
  • 15% Foundations of Optimization
    Preț: 61154 lei
  • 15% Multiple Criteria Decision Making Kyoto 1975
    Preț: 62161 lei
  • The Computation of Fixed Points and Applications
    Preț: 36341 lei
  • Optimale Transportnetze: Zur Bestimmung ihres kostengünstigsten Standorts bei gegebener Nachfrage
    Preț: 43076 lei
  • 15% Energy, Regional Science and Public Policy
    Preț: 61865 lei
  • Environment, Regional Science and Interregional Modeling: Proceedings of the International Conference on Regional Science, Energy and Environment II, Louvain, May 1975
    Preț: 37137 lei
  • 15% Integer Programming and Related Areas: A Classified Bibliography
    Preț: 62918 lei
  • Komplementaritäts- und Fixpunktalgorithmen in der mathematischen Programmierung, Spieltheorie und Ökonomie
    Preț: 39923 lei
  • Heuristische Planungsmethoden
    Preț: 39512 lei
  • Multiple Criteria Decision Making: Proceedings of a Conference Jouy-en-Josas, France May 21–23, 1975
    Preț: 38375 lei
  • Mathematical Systems Theory: Proceedings of the International Symposium Udine, Italy, June 16–27, 1975
    Preț: 38375 lei
  • Mathematical Models in Marketing
    Preț: 37740 lei
  • 15% Warsaw Fall Seminars in Mathematical Economics 1975
    Preț: 61096 lei
  • 20% Computing Methods in Applied Sciences and Engineering: Second International Symposium December 15–19, 1975
    Preț: 62832 lei
  • A Disequilibrium-Equilibrium Model with Money and Bonds: A Keynesian-Walrasian Synthesis
    Preț: 36545 lei
  • Entscheidungen bei unvollständiger Information
    Preț: 47660 lei
  • Expectations and Stability in Oligopoly Models
    Preț: 36314 lei
  • 15% Production Theory and Its Applications
    Preț: 61104 lei
  • Computing Methods in Optimization Problems: Papers presented at the 2nd International Conference on Computing Methods in Optimization Problems, San Remo, Italy, September 9–13, 1968
    Preț: 37120 lei
  • Theory of the Price Index: Fisher’s Test Approach and Generalizations
    Preț: 36419 lei
  • 15% Mathematical Economics and Game Theory: Essays in Honor of Oskar Morgenstern
    Preț: 64081 lei
  • On Optimal Population Paths
    Preț: 36448 lei
  • 15% Convex Analysis and Its Applications
    Preț: 61119 lei
  • Extreme Games and Their Solutions
    Preț: 36509 lei
  • 15% In Search of Economic Indicators: Essays on Business Surveys
    Preț: 61362 lei
  • 15% Resource Allocation and Division of Space: Proceedings of an International Symposium Held at Toba Near Nagoya, Japan 14–17 December, 1975
    Preț: 61255 lei

Preț: 37250 lei

Puncte Express: 559

Carte tipărită la comandă

Livrare economică 17-31 iulie

Livrare prin curier în România Termenul estimat este afișat lângă disponibilitate.
Transport gratuit de la 40000 lei Plată online sau ramburs, în funcție de opțiunile comenzii.
Retur gratuit în 14 zile Comandă securizată și suport în română.
 Adaugă în coș

Wish list
Gift list
Am citit!
Adaugă în listă

Specificații

ISBN-13: 9783540626299
ISBN-10: 3540626298
Pagini: 276
Ilustrații: X, 265 p.
Dimensiuni: 155 x 235 x 14 mm
Greutate: 0.4 kg
Ediția:1997
Editura: Springer Berlin, Heidelberg
Colecția Springer
Seria Lecture Notes in Economics and Mathematical Systems

Locul publicării:Berlin, Heidelberg, Germany

Public țintă

Research

Cuprins

1 Introduction.- 2 On the Theoretical Derivability of Rational Bubbles.- 2.1 Statistical framework.- 2.2 Rational expectations.- 2.3 Solution procedure.- 2.4 Bubble processes.- 3 On the Economic Relevance of Rational Bubbles.- 3.1 Capital markets.- 3.2 Foreign exchange markets.- 3.3 Hyperinflation.- 4 On Testing for Rational Bubbles.- 4.1 Indirect tests.- 4.2 Direct tests.- 5 On the Explanatory Power of Rational Bubbles on the German Stock Market.- 5.1 Data.- 5.2 Direct test for rational bubbles.- 5.3 A digression: Testing for unit roots.- 6 Concluding Remarks.- A Results.- A.1 Temporary markovian bubbles.- A.2 Temporary intrinsic bubbles.- A.3 Permanent intrinsic bubbles — Class 1 to 2.- A.4 Permanent intrinsic bubbles — Class 3 to 6.- A.5 Integration tests.- A.5.1 Preliminary regression of endogenous processes.- A.5.2 Preliminary regression of exogenous processes.- A.5.3 Testing for unit roots in levels.- A.5.4 Testing for unit roots in logs.- B Distributional Properties and Critical Values.- B.1 Distributional properties of t-statistics.- B.2 Critical values of t-statistics.- List of Figures.- List of Tables.