The identification of destabilizing foreign exchange speculation
نویسندگان
چکیده
منابع مشابه
Price Destabilizing Speculation
The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters. It is sometimes asserted that rational speculative activity must result in more stable prices because speculators buy when prices are low and sell when they are high. This is incorrect. Speculators buy when the chances of price appreciation are high, selling when the chan...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 1979
ISSN: 0022-1996
DOI: 10.1016/0022-1996(79)90029-1