Lecture Money, banking, and financial markets: Chapter 8 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: Chapter 8 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Chapter 8 provides knowledge of stocks, stock markets, and market efficiency. The goals of this chapter are: To try to make sense of the stock market, to show what fluctuations in stock value mean for individuals and for the economy as a whole, to look at a critical connection between the financial system and the real economy, explain why we sometimes have bubbles and crashes.