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A Crisis of Beliefs : Investor Psychology and Financial Fragility

Shleifer, Andrei Gennaioli, Nicola

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Leveringstid: 14-30 virkedager

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How investor expectations move markets and the economyThe collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us ret

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