Riding the South Sea bubble

Article Abstract:

A study of investor's behavior and the impact thereof on bubbles in stock markets is presented. The study is based on Hare's bank, a unit of West End London bank that chose to invest in stock markets knowing fully well that South Sea bubble was in progress. The bank chose to invest in such a manner to make profits. The study also compares the effect of rational investors on the bubbles to predictable investors.

Financial management, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Analysis, Company investment, Investments, Investors, Subsidiaries, divisions and units, Speculators

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Average debt and equity returns: puzzling

Article Abstract:

There is a difference of 6.2% per year, during the period of 1889 to 1978, between the average return on S&P stocks and the average return on short term return on U.S government debt. The studies indicates that, the difference between average date and equity return is less than 1% by accounting for taxes, regulations and cost.

Stock price indexes

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Money in a theory of banking

Article Abstract:

Monetary policies and the role of banking industry in this policy implementation is discussed.

Interpretation and construction, Monetary policy, Industry forecasts

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