- We will send in 10–14 business days.
/images/books/13225815/9783658132309.jpg)
- Author: Philip Ernstberger
- Publisher: Springer Gabler
- Year: 2016
- Pages: 138
- ISBN-10: 3658132302
- ISBN-13: 9783658132309
- Format: 14.8 x 21 x 0.9 cm, softcover
- Language: English
- SAVE -10% with code: EXTRA
Reviews
Description
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.
EXTRA 10 % discount with code: EXTRA
The promotion ends in 19d.19:02:05
The discount code is valid when purchasing from 10 €. Discounts do not stack.
- Author: Philip Ernstberger
- Publisher: Springer Gabler
- Year: 2016
- Pages: 138
- ISBN-10: 3658132302
- ISBN-13: 9783658132309
- Format: 14.8 x 21 x 0.9 cm, softcover
- Language: English English
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.
Reviews