Книга Crisis, Debt, and Default Philip Ernstberger

Crisis, Debt, and Default

The Effects of Time Preference, Information, and Coordination

Автор: Philip Ernstberger
Език: Английски език
Корици: С меки корици
Наличност: Външен склад
Изпращаме след 5-8 дни
52.77 103.22 лв
Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby,...

Информация за книгата

Автор
Език
Английски език
Корици
Книга - С меки корици
Издадена
2016
страници
138
EAN
9783658132309
ISBN
3658132302
Enbook ID
02936987
Теглоt
2055
Размери
148 x 8 x 210

Пълно описание

Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby, changes in fundamentals as well as information are considered as the driving force for the behavior of speculators and investors. The first essay deals with currency crises, in which the central bank, through setting the interest rate, steers the economy and defends against speculators. The second essay examines the effects of a rating and possible biases on the coordination of investors and the pricing of debt. In the third essay the author uses forecasts of default probabilities and implied market default probabilities to infer the weighing of information by investors.

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