منابع مشابه
Market Turmoil and Destabilizing Speculation
This paper explores how speculators can destabilize financial markets by amplifying negative shocks in periods of market turmoil, and confirms the main predictions of the theoretical analysis using data on money market funds (MMFs). I propose a dynamic trading model with two types of investors —long-term and speculative —who interact in a market with search frictions. During periods of turmoil ...
متن کاملthe test for adverse selection in life insurance market: the case of mellat insurance company
انتخاب نامساعد یکی از مشکلات اساسی در صنعت بیمه است. که ابتدا در سال 1960، توسط روتشیلد واستیگلیتز مورد بحث ومطالعه قرار گرفت ازآن موقع تاکنون بسیاری از پژوهشگران مدل های مختلفی را برای تجزیه و تحلیل تقاضا برای صنعت بیمه عمر که تماما ناشی از عدم قطعیت در این صنعت میباشد انجام داده اند .وهدف از آن پیدا کردن شرایطی است که تحت آن شرایط انتخاب یا کنار گذاشتن یک بیمه گزار به نفع و یا زیان شرکت بیمه ...
15 صفحه اولBorsa Parole – A Market for Linguistic Speculation
This article describes a novel approach to linguistic field research consisting in exploiting the self-regulation of a market for collecting data on language use. The market is conceived as an output-agreement game with a purpose called Borsa Parole. The agreement can be traded with by the players what makes it adjustable. Borsa Parole has been conceived and is deployed for a linguistic study o...
متن کاملCredit Market Speculation and the Cost of Capital∗
We examine the effects of credit market speculation on equilibrium debt contracts when investors have heterogeneous beliefs, with particular focus on naked credit default swaps. Although such contracts are zero-sum side bets, their existence can have important consequences. They induce investors who are most optimistic about borrower revenues to sell credit protection instead of buying bonds, w...
متن کاملFeedback analysis of speculation in a foreign currency market
This paper investigates the impact of speculative trading on foreign currency markets. A review of economic literature reveals that there is still no agreement to whether speculators amplify or tame fluctuations of exchange rates. Relevant system dynamics literature suggests that trading by speculators contributes to the formation of price bubbles. However, very few system dynamics papers exist...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2014
ISSN: 0883-7252
DOI: 10.1002/jae.2388