15 lines
1.6 KiB
Markdown
15 lines
1.6 KiB
Markdown
# Market Mania
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An event in markets characterised by extremely aberrant [price formation](price-formation.md) across multiple assets in a [market](market.md). May be caused by events such as [bubbles](bubble.md), [speculative manias](speculation.md), [market manipulation](market-manipulation.md) or market shocks.
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The expansion of crypto tokens is [is widely](../claims/is-bubble.md) perceived to be a market mania.
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## References
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1. Chancellor, Edward. 1999. ‘Devil Take the Hindmost: A History of Financial Speculation’.
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1. Gibson, Thomas. 1907. The Cycles of Speculation. Moody Corporation.
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1. Mackay, Charles. 2012. Extraordinary Popular Delusions and the Madness of Crowds. Simon and Schuster.
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1. Shaffer, Daniel S. 2010. Profiting in Economic Storms: A Historic Guide to Surviving Depression, Deflation, Hyperinflation, and Market Bubbles. John Wiley & Sons.
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1. Blanchard, Olivier J, and Mark W Watson. 1982. ‘Bubbles, Rational Expectations and Financial Markets’. NBER Working Paper, no. w0945.
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1. Blanchard, Olivier J, and Mark W Watson. 1982. ‘Bubbles, Rational Expectations and Financial Markets’. NBER Working Paper, no. w0945.
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1. Bernstein, William J. 2021. The Delusions of Crowds: Why People Go Mad in Groups. Grove Press.
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1. Smales, L. A. 2022. ‘Investor Attention in Cryptocurrency Markets’. International Review of Financial Analysis 79: 101972. https://doi.org/10.1016/j.irfa.2021.101972.
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1. Kolchinski, Alex. 2022. ‘Crypto Is an Unproductive Bubble’. Alex Kolchinski (blog). 18 March 2022. https://alexkolchinski.com/2022/03/18/crypto-is-an-unproductive-bubble/. |