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  • Book
  • © 1994

Money, Credit and Asset Prices

Palgrave Macmillan

Authors:

  1. Gordon Pepper

    1. Department of Banking and Finance, City University Business School, London, UK

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Table of contents (19 chapters)

  1. Front Matter

    Pages i-xxii
    PDF

  2. Introduction

    1. Introduction

      • Gordon Pepper
      Pages 1-3

  3. Flows of Funds

    1. Front Matter

      Pages 5-5
      PDF

    3. Unexpected News or Financial Flows

      • Gordon Pepper
      Pages 17-28

    4. Institutional Flow of Funds

      • Gordon Pepper
      Pages 29-43

    6. Decision-Taking Inertia and Uncertainty

      • Gordon Pepper
      Pages 46-47

    7. Savings Imbalances and the Business Cycle

      • Gordon Pepper
      Pages 48-54

    9. Supply and Demand for Credit in the US

      • Gordon Pepper
      Pages 60-107

    10. Sectoral Flow of Funds

      • Gordon Pepper
      Pages 108-132

    11. The Globalisation of Markets

      • Gordon Pepper
      Pages 133-136

  4. Some Historical Evidence

    1. Front Matter

      Pages 139-139
      PDF

    2. The 1950s and 1960s: Actuarial Paper

      • Gordon Pepper
      Pages 141-186

    4. The 1980s: The 1987 Stock-Market Crash

      • Gordon Pepper
      Pages 192-216

    5. The 1920s and 1930s: The Brady Report

      • Gordon Pepper
      Pages 217-227

  5. Elaboration

    1. Front Matter

      Pages 229-229
      PDF

    2. Financial Disequilibrium

      • Gordon Pepper
      Pages 231-236
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About this book

'For amateurs and professionals alike wishing to deepen their understanding of the often mysterious and counter-intuitive fluctuations in asset prices, this book provides essential reading.' - Barry Riley, Financial Times 'Really required reading.' - Anthony Harris, Times According to mainstream economic theory, the prices of individual stocks respond rationally to unexpected news. However, real market movements appear to respond to news in more complex and sometimes perverse ways, overshooting or not reacting at all. Drawing on his hands-on experience, Professor Pepper puts forward a new theory based on the analysis of the supply of and demand for investible funds. He shows clearly that price movements are governed not by news but by the financial requirements of investors, requirements which therefore become a powerful forecasting tool.
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Keywords

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Authors and Affiliations

  • Department of Banking and Finance, City University Business School, London, UK

    Gordon Pepper

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About the author

GORDON PEPPER
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Bibliographic Information

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Buy it now

eBook USD 74.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Other ways to access

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