Stock, Forex, Commodities, Options, Futures, Cryptocurrencies
logo-main logo-main
Select category
  • Select category
  • All in One Series
  • Astro Trading
    • Christeen Skinner
    • David Williams
    • Donald A. Bradley
    • Earik Beann
    • Fabio Oreste
    • Henry Weingarten
    • Ian Williams
    • Indrodeep Banerjee
    • Jack Gillen
    • James Mars Langham
    • Jeanne Long
    • L.J. Jensen
    • Louise McWhirter
    • M. G. Bucholtz
    • Myles Wilson Walker
    • Patrick Mikula
    • Raymond A. Merriman
    • Shane Smoleny
    • Tim Bost
  • Commodities, Futures & Options
    • Adam Dunsby
    • Al Sherbin
    • Andrea Roncoroni
    • Arthur Prill
    • Arthur Sklarew
    • Bertram J. Schaeffer
    • Bill Kraft
    • Brian Overby
    • Carley Garner
    • Charles M. Cottle
    • Cynthia A. Kase
    • D.M. Daniel
    • Dan Passarelli
    • David Bennett
    • Dennis A. Chen
    • Ernie Zerenner
    • Euan Sinclair
    • George Jabbour
    • George Kleinman
    • Gianluca Fusai
    • Guy Cohen
    • J. D. Hamon
    • Jack D. Schwager
    • James Bittman
    • Jared Levy
    • Jeff Augen
    • Jess Gaspar
    • Joe Duarte
    • John Eckstein
    • John Olagues
    • John Stephenson
    • Johnathan Mun
    • Jon Najarian
    • Julius Baer
    • Kenneth H. Shaleen
    • Kenneth R. Trester
    • Kevin M. Kraus
    • L. Dee Belveal
    • Lawrence G. McMillan
    • Lee Lowell
    • Lewis Peter Brandt
    • Louis Phlips
    • Marc Allaire
    • Mark Cummins
    • Mark Etzkorn
    • Mark Powers
    • Mark W. Pickell
    • Markos Katsanos
    • Michael Chupka
    • Philip H. Budwick
    • Richard Lehman
    • Robert Doty
    • Robert F. Wiest
    • Robert Jaeger
    • Ronald C. Spurga
    • Roy W. Longstreet
    • Russell Rhoads
    • Russell Wasendorf
    • Ryan Drake
    • Sarah Mulholland
    • Scott H. Fullman
    • Sheldon Natenberg
    • Todd Lofton
    • Tom James
    • Wendy Kirkland
  • Cryptocurrency Books
    • Aaron Wright
    • Ahmed A. Elngar
    • Andreas M. Antonopoulos
    • Bikramaditya Singhal
    • Brian Kelly
    • Chris Dannen
    • Daniel Drescher
    • David Birch
    • David Lee Kuo Chuen
    • David Metcalf
    • Elli Androulaki
    • Finn Brunton
    • Ghassan Karame
    • Hanna Halaburda
    • Imran Bashir
    • Jared Norton
    • Joseph J. Bambara
    • Kariappa Bheemaiah
    • Makoto Nishibe
    • Max Hooper
    • Melanie Swan
    • Mohammed Kayed
    • Pedro Franco
    • Primavera De Filippi
    • Roger Wattenhofer
    • Sandeep Kumar Panda
    • Siraj Raval
    • Steve Patterson
    • Tiana Laurence
    • Valentina Emilia Balas
    • Vikram Dhillon
  • Cycle Trading
    • Brian J. Millard
    • Ed Carlson
    • Edward R. Dewey
    • Frank Barillaro
    • Howard Marks
    • J.M. Hurst
    • Nicholas Rau
    • Richard S. Love
    • Robert P. Baker
    • Steven E. Bolten
    • Walter J Bressert
  • Forex and Stocks Trading
    • A. J. Monte
    • Aaron N. Behle
    • Aaron R. Zalewski
    • Abe Cofnas
    • Adam Grimes
    • Adam Khoo
    • Adam Kritzer
    • Aidan J. McNamara
    • Alan S. Farley
    • Alex Nekritin
    • Alexander Elder
    • Alexander Peace
    • Alistair Blair
    • Álvaro Cartea
    • Andreas F. Clenow
    • Andrew Abraham
    • Andrew Aziz
    • Andrew Coles
    • Andrew Willis
    • Ann C. Logue
    • Anne Dolganos Picker
    • Anthony Crescenzi
    • Ari Kiev
    • Ashraf Laidi
    • Ashwani Gujral
    • Barbara Rockefeller
    • Barry Gumm
    • Ben Robson
    • Benjamin Graham
    • Bennett A. McDowell
    • Bernard Baumohl
    • Bill Eykyn
    • Bill Feingold
    • Bill M. Williams
    • Bob Volman
    • Boris Schlossberg
    • Bradley L. Matheny
    • Brent Donnelly
    • Brent Penfold
    • Brett N. Steenbarger
    • Brian Dolan
    • Brian Schad
    • Brian Twomey
    • Bruce I. Jacobs
    • Bruce Kamich
    • Bryan Lee
    • Bryan V Post
    • Carolyn Boroden
    • Charles B. Carlson
    • Charles Biderman
    • Chris Cain
    • Chris Lewis
    • Chris Satchwell
    • Clif Droke
    • Clifford Bennett
    • Clifford Pistolese
    • Clive Lambert
    • Clive M. Corcoran
    • Conrad Alvin Lim
    • Constance Brown
    • Courtney Smith
    • Curtis Faith
    • Dan Denning
    • Danny Younes
    • David Borman
    • David G McMillan
    • David H. Weis
    • David Halsey
    • David Hawkins
    • David Keller
    • David Loader
    • David Santschi
    • David Stendahl
    • David Wilson
    • Deron Wagner
    • Don Miller
    • Don Schreiber
    • Don Snellgrove
    • Donna McCormick
    • Douglas S. Ehrman
    • Ed Ponsi
    • Edwin L. Watanabe
    • Elaine Knuth
    • Emilio Tomasini
    • Esme Faerber
    • Evelina M. Tainer
    • Felipe Tudela
    • Floyd Upperman
    • Frank Miller
    • Fred K. H. Tam
    • Gareth Burgess
    • Gary Dayton
    • Gary S. Wagner
    • Gatis N. Roze
    • George Pruitt
    • Gerald Appel
    • Gerald Greene
    • Gordon DeRoos
    • Grace Cheng
    • Greg Fisher
    • Greg Gregoriou
    • Greg Michalowski
    • H. Jack Bouroudjian
    • Haibin Xie
    • Hank Pruden
    • Harry Boxer
    • Harry D. Schultz
    • Hilary Kramer
    • Howard B. Bandy
    • Ian Copsey
    • Igor Toshchakov
    • Igor Tulchinsky
    • Ilian Yotov
    • Irene Aldridge
    • Jack Hough
    • Jacob Bernstein
    • Jae K. Shim
    • James Chen
    • James Dicks
    • James L. Bickford
    • Jamie Saettele
    • Jared Martinez
    • Jason Alan Jankovsky
    • Jason Perl
    • Jay M. Meisler
    • Jeff Cooper
    • Jeff Greenblatt
    • Jeffrey A. Hirsch
    • Jeffrey Katz
    • Jeffrey Weiss
    • Jeremy J. Siegel
    • Jim Troup
    • Jode Lebin
    • Jody Samuels
    • Joe Ross
    • Johannes Forthmann
    • John Bollinger
    • John C. Brooks
    • John F. Carter
    • John F. Ehlers
    • John F. Summa
    • John Forman
    • John Hayden
    • John J. Murphy
    • John Jagerson
    • John L. Person
    • John M. Bland
    • John Piper
    • John Sussex
    • John Sweeney
    • Jon D. Markman
    • Jordan L. Kimmel
    • José Penalva
    • Joseph Brusuelas
    • Joseph Hooper
    • Josh Lukeman
    • Julie A. Dahlquist
    • Julie R. Dahlquist
    • Justin Kuepper
    • Kathleen Brooks
    • Kathy Lien
    • Kedrick Brown
    • Keith Fitschen
    • Keith Schap
    • Ken Standfield
    • Kenneth Fisher
    • Kenneth Jeffrey Marshall
    • Kerry W. Given
    • Kevin J. Davey
    • Kiana Danial
    • Kuikui Fan
    • L. A. Little
    • Lance Beggs
    • Laszlo Birinyi
    • Laurence A. Connors
    • Laurence Holt
    • Laurentiu Damir
    • Lee Hyongdo
    • Lewis Borsellino
    • Linda Bradford Raschke
    • Lita Epstein
    • Louis B. Mendelsohn
    • Manesh Patel
    • Marc Rivalland
    • Marcel Link
    • Mario Singh
    • Mark Andrew Lim
    • Mark Cherlin
    • Mark D. Wolfinger
    • Mark Helweg
    • Mark Larson
    • Mark R. Conway
    • Mark Tinghino
    • Mark Whistler
    • Markus Heitkoetter
    • Martha A. Brozyna
    • Martin J. Pring
    • Matt Krantz
    • Matthew McCall
    • Melvin Pasternak
    • Michael C. Thomsett
    • Michael D. Archer
    • Michael Griffis
    • Michael Harris
    • Michael N. Kahn
    • Michael Parness
    • Mike Baehr
    • Mike Bellafiore
    • Mitch Zacks
    • Ned Gandevani
    • Nicole Elliott
    • Noble DraKoln
    • Oliver Morrison
    • Omar Bassal
    • Owen Taylor
    • Pascal Willain
    • Paskalis Glabadanidis
    • Patsy Busby Dow
    • Paul J. Mladjenovic
    • Paul Kasriel
    • Perry J. Kaufman
    • Peter Atwater
    • Peter Rosenstreich
    • Prasanna Khemariya
    • Prasenjit Paul
    • Rafael Romeu
    • Raghee Horner
    • Richard A. Dickson
    • Richard J. Bauer
    • Richard L. Peterson
    • Richard Sipley
    • Richard W. Arms
    • Rick Bensignor
    • Rick Swope
    • Rob Booker
    • Robert Balan
    • Robert C. Beckman
    • Robert C. Miner
    • Robert Carver
    • Robert D. Edwards
    • Robert Robbins
    • Robert Slater
    • Ross L. Beck
    • Roy Didlock
    • Ruth Barrons Roosevelt
    • Ryan Huang
    • Ryan O'Keefe
    • Sebastian Jaimungal
    • Shani Shamah
    • Sharon Michalsky
    • Shouyang Wang
    • Simon Milgard
    • Stephen W. Bigalow
    • Steve Nison
    • Steve Palmquist
    • Steve Ruffley
    • Steve Ward
    • Steven Dym
    • Sunny J. Harris
    • Suri Duddella
    • T. Harv Eker
    • T. J. Marta
    • Thomas K. Lloyd Sr
    • Thomas L. Busby
    • Thomas McCafferty
    • Thomas N. Bulkowski
    • Thomas Oberlechner
    • Thomas Stridsman
    • Tim Weithers
    • Timothy Masters
    • Tina Logan
    • Tom Taulli
    • Tony Plummer
    • Trader Dale
    • Vadym Graifer
    • Valeriy Zakamulin
    • Vicki Schmelzer
    • Victor De Villiers
    • Vitaliy N. Katsenelson
    • Young Ho Seo
  • Geometric & Pattern Trading
    • A. W Cohen
    • A.J. Frost
    • Al Brooks
    • Al Gaskill
    • Al Larson aka Hans Hannula
    • Art Collins
    • Arthur Merrill
    • Awodele
    • Barry Rudd
    • Ben Stein
    • Bradley F. Cowan
    • Bryce T. Gilmore
    • Buff Dormeier
    • Carl Futia
    • Colin Alexander
    • Curtis M. Arnold
    • Dave Landry
    • David Aronson
    • Deborah Owen
    • Deborah Weir
    • Derrik S. Hobbs
    • Dr. Charles B. Schaap
    • Edgar E. Peters
    • Edward Leshik
    • Eric T. Jones
    • Fari Hamzei
    • Gene Nowell
    • George A. Fontanills
    • George Angell
    • George Bayer
    • George Dagnino
    • George MacLean
    • George Seamans
    • Gerald Marisch
    • Gilbert Raff
    • Gregory L. Morris
    • H. J. Wolf
    • H. M. Gartley
    • Harry Domash
    • Heinrich Weber
    • Hima Reddy
    • Jake Bernstein
    • James Dalton
    • James E. O'Brien
    • Jane Cralle
    • Jay Kaeppel
    • Jay Norris
    • Jeffrey Kennedy
    • Jeremy Du Plessis
    • Jeremy Walters
    • Jesse L. Livermore
    • John Burford
    • John Crane
    • John R. Hill
    • John R. Stevenson
    • Joseph Benning
    • Joseph T Duffy
    • Josh DiPietro
    • Ken Wolff
    • Kenneth S. Van Strum
    • Larry Connors
    • Larry D. Spears
    • Larry Jacobs
    • Larry Pesavento
    • Larry R. Williams
    • Leigh Stevens
    • Leslie Masonson
    • M. William Scheier
    • Mark Leibovit
    • Michael J. Parsons
    • Michael Jardine
    • Michael McDonald
    • Michael S. Jenkins
    • Michael Sincere
    • Michael W. Covel
    • Neall Concord-Cushing
    • Peggy MacKay
    • Peter Leeds
    • Peter Tryde
    • Phil DeMuth
    • R. W. Schabacker
    • Richard Russell
    • Richard Smitten
    • Richard Yamarone
    • Robert Bevan Dalton
    • Robert Fischer
    • Robert Lee
    • Robert Pardo
    • Robert R. Prechter
    • Robert W. Colby
    • Roy Kelly
    • Rubén Villahermosa
    • Ruth Miller
    • Ryan Mallory
    • Sammy Chua
    • Scribner Browne
    • Stan Weinstein
    • Stephen Briese
    • Steve Woods
    • Steven Achelis
    • Teresa Bell
    • The Seeker
    • Thomas J. Dorsey
    • Thomas K. Carr
    • Thomas R. DeMark
    • Timothy Knight
    • Timothy Morge
    • Toby Crabel
    • Tom Gentile
    • Toni Turner
    • Tushar S. Chande
    • Victor Ledeboer
    • Victor Sperandeo
    • W. D. Gann
    • Wayne Gorman
    • Welles J. Wilder
    • Wetsel Market Bureau
    • William C Garrett
    • William F. Eng
  • Investment
    • Aaron Brown
    • Agustin Lebron
    • Alicia Abell
    • Andrew Busch
    • Andrew Lo
    • Andy Kessler
    • Anthony Scaramucci
    • Archie Craig MacKinlay
    • Archie Richards
    • Benjamin Senauer
    • Bertrand M. Roehner
    • Bin Li
    • Bob Froehlich
    • Brenda Lange
    • Brian R. Iammartino
    • Burton G. Malkiel
    • C H Thorpe
    • C. Fred Bergsten
    • Charles A. Jaffe
    • Charles D. Ellis
    • Charles D. Kirkpatrick
    • Charles Henry Dow
    • Charles M. Laloggia
    • Charles S. Mizrahi
    • Charles Sidey
    • Charles V. Payne
    • Cherrie A. Mahon
    • Chitrakalpa Sen
    • Chris Kacher
    • Chris M. Hart
    • Chris Wilkinson
    • Christopher L. Carolan
    • Christopher Poillon
    • Daniel A. Strachman
    • David Darst
    • David Dreman
    • David G. Mayes
    • David J. Abner
    • Didier Sornette
    • Donald A. Walker
    • Donald Coxe
    • Doug Henwood
    • Douglas J. Lucas
    • Dr. John Keppler
    • Edward O. Thorp
    • Edwin Lefevre
    • Elaine Scott
    • Eric Tyson
    • Ernest P. Chan
    • F. A. Hayek
    • Fausto Pugliese
    • Fernando Oliveira
    • Forrest Davis
    • Fowler William Worthington
    • Frank J. Fabozzi
    • Frank Marshall
    • Frederic Drew Bond
    • Gabriel Rauterberg
    • Gagari Chakrabarti
    • Gary G. Hamilton
    • George Charles Selden
    • George Henry Lewes
    • George Soros
    • Gerald M. Loeb
    • Gewei Ye
    • Gil Morales
    • Giuseppe Campolieti
    • Grant Henning
    • Greg Ip
    • H. Kent Baker
    • H. Nejat Seyhun
    • Halil Kiymaz
    • Harold Bierman
    • Humphrey Bancroft Neill
    • Ian Marsh
    • J. B. Marwood
    • J. J. Butler
    • J.Peter Steidlmayer
    • Jack R. Vogel
    • Jack Schannep
    • James Altucher
    • Jason Zweig
    • Jean Folger
    • Jessica James
    • Joel Greenblatt
    • John C. Bogle
    • John Ferguson Hume
    • John Magee
    • John Mauldin
    • John Mihaljevic
    • John Moody
    • Jonathan Worrall
    • Joseph E. Gagnon
    • Justyn Walsh
    • Kenneth L. Grant
    • Kevin Koy
    • Lawrence A. Cunningham
    • Lawrence Glosten
    • Lee Leibfarth
    • Louis C. Gerken
    • Louis Guenther
    • Louis Navellier
    • Lucio Sarno
    • Ludwig von Mises
    • Mark Minervini
    • Martin D. Weiss
    • Martin Schwartz
    • Maureen Ohara
    • Max Isaacman
    • Merritt B. Fox
    • Michael D. Sheimo
    • Michael Durbin
    • Milton Marquis
    • Misha Petrovic
    • Murray A. Ruggiero
    • Murray N. Rothbard
    • Ned Davis
    • Nicolas Darvas
    • Norman Frumkin
    • Norman G. Fosback
    • P. Ekkehard Kopp
    • Pat Dorsey
    • Patrick L. Young
    • Paul Davidson
    • Peter D. Schiff
    • Peter H. Rossi
    • Peter J. Klein
    • Peter S. Rose
    • Peter Wyckoff
    • Philip A. Fisher
    • Pim van Vliet
    • R. Stafford Johnson
    • Ralph Vince
    • Richard A. Ferri
    • Richard D. Wyckoff
    • Richard L. Lackey
    • Richard L. Weissman
    • Richard M. Ebeling
    • Richard M. Morgan
    • Richard Ney
    • Richard S. Bookbinder
    • Rik W. Hafer
    • Robert Dubil
    • Robert G. Hagstrom
    • Robert J Elliott
    • Robert J. Shiller
    • Robert J. Yetman
    • Robert L. McDonald
    • Rollo Tape
    • Roman N. Makarov
    • Roy Harrod
    • Ruey S. Tsay
    • S. A. Nelson
    • Sarnoff
    • Scott E. Hein
    • Sean D. Casterline
    • Sharon Saltzgiver Wright
    • Simon Thompson
    • Stefan Bergheim
    • Stephen J. Antczak
    • Steve Fraser
    • Steven B. Hawkins
    • Steven Drobny
    • Ted Warren
    • Thomas Gibson
    • Thomas Maskell
    • Tom Williams
    • W.H.C. Bassetti
    • Warren Boroson
    • Warren Brussee
    • Warren Fayette Hickernell
    • Wesley R. Gray
    • William J. O'Neil
    • William Peter Hamilton
    • William Wallace Duncan
    • Yefei Lu
    • Yi Tang
  • Science, Astrology & Numerology
    • Alan Leo
    • Anne Christie
    • Anthony Grafton
    • Bangalore Venkata Raman
    • Bent Nielsen
    • Bernadette Brady
    • Betty Caulfield
    • C. Aq Libra
    • Carl Jung
    • Clifford Cheasley
    • Cyril Fagan
    • Deborah Houlding
    • Drunvalo Melchizedek
    • Eric Temple Bell
    • Frances Sakoian
    • H. Emilie Cady
    • Hidetoshi Fukagawa
    • Hilary Gerard
    • Jean Simpson
    • Joanna Martine Woolfolk
    • John Oscar Lieben
    • Juan Eduardo Cirlot
    • Karl Anderson
    • Liz Greene
    • Louis Acker
    • Louise Edington
    • Luo Clement
    • Lyn Birkbeck
    • M. C. Poinsot
    • Marina Costelloe
    • Matthew Oliver Goodwin
    • Max Heindel
    • Nigel Pennick
    • Ophiel
    • Raphael
    • Robert Hand
    • Robert Lawlor
    • Robert Pelletier
    • Roger Beck
    • Roy Firebrace
    • Rudolf Steiner
    • Sepharial
    • Seth Thomas Miller
    • Shirley B. Lawrence
    • Stephen Arroyo
    • Steven Forrest
    • Sue Tompkins
    • Tamsyn Barton
    • Tons Brunes
    • Tony Rothman
    • Vera Anderson
    • Vincent H. Malmström
    • Vivian E. Robson
    • W. S. Andrews
    • W. Wynn Westcott
    • Wallace A. Sherrill
    • Walter Winston Kenilworth
    • Wen-Kuang Chu
    • William R. Newman
  • Trading Courses
    • Galen Woods
    • Jim Kane
Login / Register
0 Wishlist
0 items $0.00
Menu
logo-main logo-main
Browse Categories
  • Trading Courses
  • Forex and Stocks Trading
  • All in One Series
  • Astro Trading
  • Cycle Trading
  • Commodities, Futures & Options
  • Geometric & Pattern Trading
  • Investment
  • Science, Astrology & Numerology
  • Cryptocurrency Books
  • Home
  • Books and Courses
  • Articles
  • Contact Us
  • About US
Gagari Chakrabarti, Chitrakalpa Sen - Anatomy of Global Stock Market Crashes_ An Empirical Analysis
Click to enlarge
Home Investment Chitrakalpa Sen Anatomy of Global Stock Market Crashes: An Empirical Analysis
Gagari Chakrabarti, Chitrakalpa Sen - Momentum Trading on the Indian Stock Market
Momentum Trading on the Indian Stock Market $21.68
Back to products
Victor Ledeboer – The Master of Time
The Master of Time, An Epos of W.D. Gann’s Master Time Factor $16.81

Anatomy of Global Stock Market Crashes: An Empirical Analysis

$18.20

Author(s)

Chitrakalpa Sen, Gagari Chakrabarti

Pages

70

Format

PDF

Published Date

2012

Add to wishlist
Categories: Chitrakalpa Sen, Gagari Chakrabarti
Share:
  • Description
Description
Rate this product

Anatomy of Global Stock Market Crashes: An Empirical Analysis is an exploration of the global market dynamics, their intrinsic natures, common trends and dynamic interlinkages during the stock market crises over the last twelve years.

Introductions:

Looking back into history, financial crises have always been the norm, rather than exceptions. Starting from the Tulip Mania in 1630, economic and financial vulnerabilities have generated waves of financial crises in the world economy. Not all the crises, by nature, however have been the same; rather they came in different forms and had different origins. While some of these remained confined to the domestic or regional boundaries, most of them reverberated, in no time, from the peripheries to the center with an ultimate devastating impact on the real economy.

In this newfangled knowledge-driven financially integrated era such speedy spread of crisis is almost inevitable. The financial crises of early days, for example, those in France and Britain during the latter half of the 1710s remained confined to the regional territory. The first significant global crisis has probably been the panic of 1825 that initiated in Britain and eventually spread to the markets of Europe and Latin America. Since then, the global economy collapsed many a times.

Panic spread from the US to countries of Europe, Asia and Africa in 1857. Apart from some regional crises in 1819, 1837, 1866 and 1893, global economy witnessed catastrophic crashes in 1873, 1907 and most importantly, in 1929. The debt crises during the 1980s and the Internet bubble during the last few years of the twentieth century were followed by a global financial meltdown that was on track since mid 2007. This crisis has often been described as the worst financial crisis since the one related to the Great Depression of the 1930s.

Financial crises are often seen as ‘‘Black swan’’: events that are fatal but improbable and extremely difficult, if not impossible, to predict (Taleb 2007). There is then, no single path that financial crises could follow. However, treating financial crises as ‘‘Black swan’’ ignores the fact that although the crisis gearing mechanism differs from one crash to another, they have much in common. Almost all crises are crises of confidence that begin when an initial boom turns into a bubble. But, what makes a boom take on the path of a bubble? A silver line does have its clouds and each boom brings into its train a potential bubble.

A typical bubble begins with a ‘precipitating factor’ such as development of a new product, process or a theory that seems unique to the investors. This is usually followed by an ‘amplification mechanism’ generally in the form of assertions from media and like institutions that reinforce the view and the resulting stock price hike that convinces the investors about the emerging opportunities (Farlow 2002).

People coming from almost every segment of society—from the business magnets to small investors; from the researchers and economists to the nonchalant observer of the economy seem to keep faith on the four most dangerous words in finance—‘‘this time is different’’. Investors start believing that the traditional rules no longer apply, the current price rise is different from bubble, the market is flawless, and most importantly, the boom will continue even in the presence of irrational exuberance. The initial increase generates expectations of further increase and attracts new buyers—normally speculators.

The rule of the game now becomes ‘momentum’—stay close to the herd and track everyone else. Rational investors who realize that ‘‘not all of it is legal and not all of it is wealth’’ (Varian 2003) are crowded out or find it difficult to bet against the bubble to stop it in its track.

The bubble bursts when the initial euphoria turns into retreat and triggering of a wreck usually have ‘‘no triggering news event…much of the drama of the market lies in its short term gyration’’ (Siegel 2000). The bubble bursts because stocks are going down as investors start selling them and people are selling them because stocks are going down; thereby initiating the crisis. The irrational exuberance in no time turns into irrational depression, ‘‘scarcely any one knows whom to trust’’ (Bagehot 1873).

Regardless of how the upward journey is initiated or how people rush to join the speculative mania, the story repeats itself in all the financial crises. Thus, Roubini and Mihm (2010) prefer to call financial crises a ‘‘white swan’’: the fact that a crisis is looming large might well be predicted but the daunting task is to stop it in its track.

This study considers a period when the global economy has already been transformed into the so-called ‘‘new economy’’. The study has analyzed the significant crises that broke out in this knowledge-driven, knowledge-based and highly integrated global economy. Over a period of thirteen years, from 1998 to 2011, the study isolates two major crises that ultimately assumed global dimension having terrifying spill-over into the real economy.

The first one (during 1999–2000) relates to the Internet bubble and the second one (during 2007–2008) has often been referred to as the worst financial crisis ever, since the one related to the great depression of 1929. The study is based on thirty stock markets from all over the globe. The market capitalization weighted bench market indexes that are representative of their own economy have been selected from each of these markets. From the North American Region, the study selects Dow Jones 30, S&P 500 and NASDAQ (US), Mexico IPC (Mexico) and S&P/TSX (Canada).

From the European Region, the study selects CAC-40 (France), DAX (Germany), FTSE 100 (London), ATX (Austria), Madrid General (Spain), AEX General (Netherlands), Swiss Market (Switzerland), Bel20 (Belgium), OSE All Share (Norway), and Stockholm General (Stockholm). All Ordinaries Index (AORD) and NZSE 50 are chosen from Australia and New Zealand, respectively. MerVal (Argentina) and Bovespa (Brazil) are selected from the South American Region.

From the Asian Region, the study picks BSE SENSEX (India); Shanghai Composite (China), Nikkei 225 (Japan), Hang Seng (Hong Kong), Straight Times (Singapore), Jakarta composite (Jakarta), KLSE composite (Malaysia), TWII (Taiwan) and Seoul Composite (Korea). CMA (Cairo) and TA100.TA (Tel Aviv) are considered from the Middle East and African countries. While analyzing the nature of financial crisis in this ‘‘new economy’’ the study deals with some specific issues. Particularly, it seeks to answer the following set of questions:

  • What has been the nature of stock price movements around the different stock market cycles?
  • Is it possible to differentiate between any crisis that remains confined to the region and those which take up a global dimension?
  • Is it possible to trace out presence of intra-regional and inter-regional association and/or global financial integration? And, if so, what is the source and nature of such contagion?
  • Is it really the case that all financial crises by nature, have much in common among them?
  • Are global markets intrinsically unstable where unpredictability, disorder and discontinuities are inherent and not aberrations? And, if that is so, what are its implications for investors and policy makers?

Contents:

  • Stock Market Cycles and Volatility Regime Switch
  • Crises and Latent Structure in the Global Stock Market
  • Global Stock Market, Knife-Edge Stability and the Crisis
Anatomy of Global Stock Market Crashes: An Empirical Analysis By Chitrakalpa Sen, Gagari Chakrabarti pdf

Related products

Gagari Chakrabarti, Chitrakalpa Sen - Momentum Trading on the Indian Stock Market
Quick view
Add to wishlist

Momentum Trading on the Indian Stock Market

$21.68
Add to cart
  • Charitsy Building, Zabeel Road, Al Karama st, Dubai
  • Telgram Channel: @sacredtraders
  • Email: sacredtraders.com@gmail.com
Recent Posts
  • Smoothing The Ride With Moving Averages By Edward Donie
    March 25, 2023 No Comments
  • Currency Congestions By Brian Twomey
    March 18, 2023 No Comments
  • Intraday Short-Term Trading Tactics By Ron Walker
    March 11, 2023 No Comments
  • The McGinley Dynamic By Brian Twomey
    March 4, 2023 No Comments
  • Gold And Candlesticks By Gary Wagner
    February 25, 2023 No Comments
New Products
  • Start Day Trading Now by Michael Sincere Start Day Trading Now: A Quick and Easy Introduction to Making Money While Managing Your Risk $10.56
  • The Day Trader's Bible By Richard D. Wyckoff The Day Trader's Bible: Or My Secret In Day Trading Of Stocks $7.71
  • Intra-Day Trading Tactics Pristine.com’s Stategies for Seizing Short-Term Opportunities by Greg Capra Intra-Day Trading Tactics: Pristine.com's Stategies for Seizing Short-Term Opportunities $18.49
Useful Links
  • Trading Books and Courses
  • W.D. Gann
  • Privacy Policy
  • DMCA Policy
  • Terms of Service
2017-2023 Sacred Traders Powerd By Sacred Traders Team
  • Menu
  • Categories
  • Trading Courses
  • Forex and Stocks Trading
  • All in One Series
  • Astro Trading
  • Cycle Trading
  • Commodities, Futures & Options
  • Geometric & Pattern Trading
  • Investment
  • Science, Astrology & Numerology
  • Cryptocurrency Books
  • Home
  • Books and Courses
  • Articles
  • Contact Us
  • About US
Shopping cart
Close
Sign in
Close

Lost your password?

No account yet?

Create an Account
Shop
0 Wishlist
0 items Cart
My account