Role of Diversification Risk in Financial Bubbles
نویسندگان
چکیده
منابع مشابه
Bubbles, Financial Crises, and Systemic Risk∗
This chapter surveys the literature on bubbles, financial crises, and systemic risk. The first part of the chapter provides a brief historical account of bubbles and financial crisis. The second part of the chapter gives a structured overview of the literature on financial bubbles. The third part of the chapter discusses the literatures on financial crises and systemic risk, with particular emp...
متن کاملDiversification and Financial Performance in Bursa Malaysia
Firms pursue diversification for sake enhancing financial performance. Some theories state positive relationship between diversification and financial performance. However, there are some theories for negative relationship about the issue. The study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like Malaysia. In this study, re...
متن کاملRole Taking Under Financial Risk Decision Making
This paper explores people’s behavior when they are facing financial risks. Through the setting of an economics experiment, people’s willingness to bear financial risks and their tendency to impose risks on others are investigated. The experiment result shows that most people are risk-neutral or risk-averse when making decision under financial environment, and their tendency to impose risks on ...
متن کاملFinancial Bubbles, Real Estate bubbles, Derivative Bubbles, and the Financial and Economic Crisis
The financial crisis of 2008, which started with an initially well-defined epicenter focused on mortgage backed securities (MBS), has been cascading into a global economic recession, whose increasing severity and uncertain duration has led and is continuing to lead to massive losses and damage for billions of people. Heavy central bank interventions and government spending programs have been la...
متن کاملDiversification in Financial Networks May Increase Systemic Risk
It has been pointed out in the macroeconomics and financial risk literature that risk-sharing by diversification in a financial network may increase the systemic risk. This means roughly that while individual agents in the network, for example banks, perceive their risk of default or insolvency decrease as a result of cooperation, the overall risk, that is, the risk that several agents may defa...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1881453