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