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limit order book (G1)<br />A list for a SECURITY of LIMIT ORDERS ranked by price and then chronologically according to the time entry that is kept by a SPECIALIST. Priority is given to stocks that have been longest on the book. Increasingly there are movements towards the creation of a computerized central book for each stock exchange.
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<strong>NACUBO</strong> – National Association of College and University Business Officers.
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bubble (D4, G1)<br />1 An unsustainable rise in an asset price.<br /> 2 A speculative venture. Famous bubbles include the Dutch tulip mania of 162537 and the South Sea Bubble in England of 1720. Unless there are an infinite number of traders, a bubble is irrational in nature.<br /><em>Reference</em><br />Blanchard, 0. L and Watson, M.W (1982)<br />'Bubbles, rational expectations and financial markets', in P. Wachtel (ed.)<br />Crises in the Economic and Financial Structure, Lexington, MA: Lexington Books.<br /> Carswell, J. (1960) The South Sea Bubble, London: Cresset Press.<br /> Kindleberger, C. (1978) Manias, Panics and Crashes, New York: Basic Books; London: Macmillan.
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