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In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
Switching Processes in Queueing Models Автор: Vladimir Anisimov Год: 2008 |
Famous First Bubbles: The Fundamentals of Early Manias Автор: Peter M. Garber Год: 2001 |
Famous First Bubbles: The Fundamentals of Early Manias Автор: Peter Garber Год: 1997 |
Traditional Ironwork Designs (Pictorial Archive Series) Автор: Josef Feller Год: 2005 |
Trashfiend: Disposable Horror Culture of the 1960s & 1970s Автор: Scott Stine Год: 2009 |
The Sinatra Treasures : Intimate Photos, Mementos, and Music from the Sinatra Family Collection Автор: Frank Sinatra Год: 2004 |