عنوان

Money, Credit and Asset Prices.

0230375936

1283653826

1349391077

6613966320

9780230375932

9781283653824

9781349391073

9786613966322

b550935

Money, Credit and Asset Prices.

[Book]

Pepper, Gordon.

Palgrave Macmillan

1994

(327 pages)

Introduction --;Financial Disequilibrium --;The Behaviour of the Equity Market: 'Flows of Funds' versus 'Real' Explanations --;Unexpected News or Financial Flows --;Institutional Flow of Funds --;Inertia --;Personal Transactions for Non-investment Reasons --;The Stock of Money --;The Business Cycle, the Savings Ratio and Cyclical Changes in Asset Prices --;The 1920s and 1930s: Critique of the Brady Report --;The 1950s and 1960s: Cyclical Changes in the Level of the Gilt-edged and Equity Markets --;The 1970s --;The 1980s --;Long Waves --;Implications --;The Regulation of Stock Markets --;Prudential Control of Banks --;Index.

For amateurs and professionals alike wishing to deepen their understanding of the often mysterious and counter-intuitive fluctuations in asset prices, this book provides essential reading.--Barry Riley, Financial Times 'Really required reading.' - Anthony Harris, Times According to mainstream economic theory, the prices of individual stocks respond rationally to unexpected news. However, real market movements appear to respond to news in more complex and sometimes perverse ways, overshooting or not reacting at all. Drawing on his hands-on experience, Professor Pepper puts forward a new theory based on the analysis of the supply of and demand for investible funds. He shows clearly that price movements are governed not by news but by the financial requirements of investors, requirements which therefore become a powerful forecasting tool.

Credit.

Money.

Stocks -- Prices.

Pepper, Gordon.

Pepper, Gordon.

[Book]

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