Financial Stability Ch 24: Why Stable Markets Are Mathematically Unstable
Book: Financial Stability: Fraud, Confidence and the Wealth of Nations
Authors: Frederick L. Feldkamp and R. Christopher Whalen
ISBN: 978-1-118-93579-8
Financial bubbles
Are Markets Efficient? Competition, Incentives, and Financial Bubbles
Book: Financial Cold War
Author: James A. Fok
ISBN: 9781119862765
Previous: Geo-Economic Warfare and the Dollar Weapon
Chapter 7 asks a basic question we skip too often. What are financial markets actually for? Fok opens with a Depression-era cartoon caption: “Phew! That’s a nasty leak. Thank goodness it’s not at our end of the boat.”