How Long to Read Speculative Behaviour, Regime-switching and Stock Market Crashes

How Long Does it Take to Read Speculative Behaviour, Regime-switching and Stock Market Crashes?

It takes the average reader and 48 minutes to read Speculative Behaviour, Regime-switching and Stock Market Crashes by Simon Van Norden

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper uses regime-switching econometrics to study stock market crashes and to explore the ability of two very different economic explanations to account for historical crashes. The first explanation is based on historical accounts of manias and panics. Its key features are that overvaluation increases the probability of the expected size of a crash. This explanation is examined using data from the United States for 1926 to 1989. The second explanation is based on switches in fundamentals. Section two of the paper develops models of speculative behaviour and switching fundamentals, and section three shows the relationship between speculative behaviour and a switching-regression specification, and tests the null hypothesis that stock market returns are unrelated to the deviation from fundamental price using parametric restrictions on the switching-regression specification. The final sections present parameter estimates of the model of switching fundamentals, discuss to what extent shifts in fundamentals explain the switching-regression results, and analyse how well the probabilities of collapse generated by each model accord with actual stock market crashes.

How long is Speculative Behaviour, Regime-switching and Stock Market Crashes?

Speculative Behaviour, Regime-switching and Stock Market Crashes by Simon Van Norden is 47 pages long, and a total of 12,079 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Speculative Behaviour, Regime-switching and Stock Market Crashes Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read Speculative Behaviour, Regime-switching and Stock Market Crashes aloud.

What Reading Level is Speculative Behaviour, Regime-switching and Stock Market Crashes?

Speculative Behaviour, Regime-switching and Stock Market Crashes is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Speculative Behaviour, Regime-switching and Stock Market Crashes?

Speculative Behaviour, Regime-switching and Stock Market Crashes by Simon Van Norden is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Speculative Behaviour, Regime-switching and Stock Market Crashes by Simon Van Norden on Amazon click the button below.