英国机械工业学代写论文
在研究股市泡沫之前，必须了解与股市泡沫有关的积极反馈。当股价上涨吸引投资者的注意力时，积极的反馈就会发生。这一吸引力导致投资者忽视了对股票本质的研究，因为研究人员已经确定，价格的增长被投资者认为是一个充分的理由，用于进行可观的投资。此外，额外的投资可以使积极反馈回路的完成产生积极的效果。
考虑到类似于动态系统，金融市场的运作处于一种平衡状态，这种平衡在本质上是不断变化的，这导致了价格的波动。然而，市场上出现了一种自我调整的负面反馈。这被认为是由正反馈组成的系统在不断增长的不平衡中进入。这在金融泡沫中是显而易见的，资产价格垂直于可以被视为经济价值的价值，而这是理性的，之后它就会迅速下降。
通过文献，我们发现新的全球金融体系是由布雷顿森林会议的代表们商定的。这一制度得到了国际货币基金组织的支持，它是一个新的机构，其宏观经济的稳定性和经济增长被视为保证和平的因素。战后布雷顿森林协议的消亡导致了贸易冲突、低增长、通货膨胀和汇率波动的出现。在这里，金融的价值从商品转移到对价值的信心。
Before the major stock market bubbles are explored, it is essential that the positive feedback associated with the stock market bubbles is understood. The positive feedback takes place as rising price of share attracts the investor’s focus. This attraction leads to the investor to ignore the study of share intrinsic as researchers have established that the increment in price is considered a sufficient reason by the investors for making considerable investments. Furthermore, the extra investment delivers buoyancy towards the price that results in the completion of the positive feedback loop.
It is to consider that similar to the dynamic systems, the markets of finance operate in an equilibrium which is ever changing in nature and this results in the volatility of price. However, a negative feedback in the form of self-adjustment takes place on the market. This is considered as the systems that comprises of positive feedback enters within the position of growing disequilibrium. This is evident across the financial bubbles in which, the prices of asset increases vertically over the amount that can be regarded as economic value that is rational after which it falls rapidly.
It is identified through the literature that the new global financial system was agreed by the delegates of Bretton Woods. This system received support through the International Monetary Fund which was a new institution with the concentration of the stability in macroeconomics along with the economic growth was viewed as the elements that will guarantee peace. The demise of the post war Bretton Woods agreement in resulted in emergence of period where trade conflicts, low growth, inflation and exchange rate volatility was seen. Herein, the value of the finance shifted from the commodity to the confidence on value.
