Książka Crisis, Debt, and Default Philip Ernstberger

Crisis, Debt, and Default

The Effects of Time Preference, Information, and Coordination

Język: Angielski
Oprawa: Miękka
Dostępność: Dostępna u dostawcy
Wysyłamy za 5-8 dni
214.22
Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby,...

Informacje o książce

Język
Angielski
Oprawa
Książka - Miękka
Data wydania
2016
strony
138
EAN
9783658132309
ISBN
3658132302
Enbook ID
02936987
Waga
2055
Wymiary
148 x 8 x 210

Pełny opis

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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