Виртуальное богатство растет

Virtual wealth is growing

Pete Yashin

MPRA Paper from University Library of Munich, Germany

Abstract: Market price of a financial asset may not coincide with the value of the counterpart obligations in the balance sheet of the issuer of this asset. The difference between these values is an unsecured part of the asset’s value, which forms financial bubbles and virtual wealth. Present article shows that the actually observed US unsecured virtual wealth has been growing since the 1980s amid cyclical fluctuations due to stock market volatility.

Keywords: Key words: unsecured value; outpace growth of wealth; virtual wealth; inequality rising (search for similar items in EconPapers)
JEL-codes: E00 G00 G01 (search for similar items in EconPapers)
Date: 2020-04-13
New Economics Papers: this item is included in nep-mac
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