Szafarz, Ariane - Centre Emile Bernheim, Solvay Brussels School of … - 2010
When a financial crisis breaks out, speculators typically get the blame whereas fundamentalists are presented as the …: short-term speculators and long-term fundamentalists, both sharing the same information set. In this framework, excess … few speculators than with many speculators. Regulators should therefore be aware that efforts to limit speculation might …