The October 1987 Market Break

The October 1987 Market Break PDF Author: United States. Securities and Exchange Commission. Division of Market Regulation
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 940

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Book Description

The October 1987 Market Break

The October 1987 Market Break PDF Author: United States. Securities and Exchange Commission. Division of Market Regulation
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 940

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Book Description


Electronic Bulls and Bears

Electronic Bulls and Bears PDF Author:
Publisher:
ISBN:
Category : Information storage and retrieval systems
Languages : en
Pages : 224

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Book Description


Why Stock Markets Crash

Why Stock Markets Crash PDF Author: Didier Sornette
Publisher: Princeton University Press
ISBN: 1400885094
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. In this book, Didier Sornette boldly applies his varied experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of the market price, otherwise known as a "bubble." Anchoring his sophisticated, step-by-step analysis in leading-edge physical and statistical modeling techniques, he unearths remarkable insights and some predictions--among them, that the "end of the growth era" will occur around 2050. Sornette probes major historical precedents, from the decades-long "tulip mania" in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. He concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe. Any investor or investment professional who seeks a genuine understanding of looming financial disasters should read this book. Physicists, geologists, biologists, economists, and others will welcome Why Stock Markets Crash as a highly original "scientific tale," as Sornette aptly puts it, of the exciting and sometimes fearsome--but no longer quite so unfathomable--world of stock markets.

New Directions for Understanding Systemic Risk

New Directions for Understanding Systemic Risk PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 030917953X
Category : Political Science
Languages : en
Pages : 120

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Book Description
The stability of the financial system and the potential for systemic events to alter its function have long been critical issues for central bankers and researchers. Recent events suggest that older models of systemic shocks might no longer capture all of the possible paths of such disturbances or account for the increasing complexity of the financial system. To help assess these concerns, the Federal Reserve Bank of New York and the NRC cosponsored a conference that brought together engineers, scientists, economists, and financial market experts to promote better understanding of systemic risk in a variety of fields. The book presents an examination of tools used in ecology and engineering to study systemic collapse in those areas; a review of current trends in economic research on systemic risk, the payments system, and the market of interbank funds; and for context, descriptions of how systemic risk in the financial system affects trading activities.

CFTC Report

CFTC Report PDF Author:
Publisher:
ISBN:
Category : Commodity exchanges
Languages : en
Pages : 36

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A Primer on Program Trading and Stock Price Volatility

A Primer on Program Trading and Stock Price Volatility PDF Author: Gregory Duffee
Publisher:
ISBN:
Category : Program trading (Securities)
Languages : en
Pages : 64

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Trading and Exchanges

Trading and Exchanges PDF Author: Larry Harris
Publisher: OUP USA
ISBN: 9780195144703
Category : Business & Economics
Languages : en
Pages : 664

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Book Description
Focusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock trading markets. Writing to be understandable to the lay reader, he examines the structure of trading, puts forward an economic theory of trading, discusses speculative trading strategies, explores liquidity and volatility, and considers the evaluation of trader performance. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).

The Super Traders

The Super Traders PDF Author: Alan Rubenfeld
Publisher: McGraw-Hill Companies
ISBN: 9781557388100
Category : Floor traders (Finance)
Languages : en
Pages : 0

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Book Description
A behind-the-scenes look at some of the biggest traders on Wall Street, including Victor "Trader Vic" Sperandeo, Jon "Dr. J." Najarian, Denny Engleman, Chuck Feldman, Dudley Eppel, Bob Scavone, Steve Bodurtha, James Mangan, Joe Apisa, Frank Masij & Frank Baxter. Filled with "war stories" & fascinating personal accounts, the book is both an entertaining read & a treasure chest of market wisdom. The traders discuss how they grew from rank beginners on Wall Street to today's "Super Traders" disclosing their trading philosophies & strategies. An excellent book for traders at all levels, The Super Traders is destined to become a financial market classic. Highlights includes: Valuable insights into options trading, hedge fund trading, sales trading, buy-side trading, third-market trading block trading & more; The insider's perspectives on what really happened during the crash of 87 & other major market events; Behind-the-scenes accounts of Wall Street's wizards.

"Black Monday," the Stock Market Crash of October 19, 1987

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Securities industry
Languages : en
Pages : 616

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Book Description


Golden Fetters

Golden Fetters PDF Author: Barry J. Eichengreen
Publisher: NBER Series on Long-term Factors in Economic Development
ISBN: 9780195101133
Category : Business & Economics
Languages : en
Pages : 484

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Book Description
This book offers a reassessment of the international monetary problems that led to the global economic crisis of the 1930s. The author shows how policies, in conjunction with the imbalances created by World War I, gave rise to the global crisis of the 1930s.