Lecture Money, banking, and financial markets (3/e): Chapter 8 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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Lecture Money, banking, and financial markets (3/e): Chapter 8 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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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.

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