Contours of Crisis III: Systemic Fear and Forward-Looking Finance

Abstract

The rituals of finance condition investors to look forward and price assets based on expected future earnings. But what happens during a systemic crisis, when the future of capitalism itself is in doubt?

Description

asset pricing capitalization discounting fear of death forward-looking systemic crisis

Keywords

Citation

Contours of Crisis III: Systemic Fear and Forward-Looking Finance. Nitzan, Jonathan and Bichler, Shimshon. (2009). Dollars & Sense. June. (Article - Magazine; English).

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