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Money, Credit and Asset Prices

  • Gordon Pepper

Table of contents

  1. Front Matter
    Pages i-xxii
  2. Introduction

    1. Gordon Pepper
      Pages 1-3
  3. Flows of Funds

    1. Front Matter
      Pages 5-5
    2. Gordon Pepper
      Pages 17-28
    3. Gordon Pepper
      Pages 29-43
    4. Gordon Pepper
      Pages 46-47
    5. Gordon Pepper
      Pages 48-54
    6. Gordon Pepper
      Pages 60-107
    7. Gordon Pepper
      Pages 108-132
    8. Gordon Pepper
      Pages 133-136
  4. Some Historical Evidence

    1. Front Matter
      Pages 139-139
    2. Gordon Pepper
      Pages 141-186
    3. Gordon Pepper
      Pages 192-216
    4. Gordon Pepper
      Pages 217-227
  5. Elaboration

    1. Front Matter
      Pages 229-229
    2. Gordon Pepper
      Pages 231-236
    3. Gordon Pepper
      Pages 271-279
  6. Back Matter
    Pages 281-304

About this book

Introduction

'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.

Keywords

business business cycle economic theory equilibrium equity market forecasting Investment money regulation stock market

Authors and affiliations

  • Gordon Pepper
    • 1
  1. 1.Department of Banking and Finance, City University Business SchoolLondonUK

Bibliographic information

Industry Sectors
Finance, Business & Banking