Money, credit and asset prices

by Gordon T. Pepper

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.

• Format: Hardcover
• Language: English
• ISBN: 033358581X
• ISBN13: 9780333585818
• Release Date: January 1994
• Publisher: Palgrave Macmillan
• Length: 304 Pages
• Weight: 1.25 lbs.
• Dimensions: 5.9" x 8.7"