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Do speculative traders anticipate or follow USD/EUR exchange rate movements? : new evidence on the efficiency of the EUR currency futures market
Hossfeld, Oliver; Röthig, Andreas - 2015
between large and small traders, and an upper bound of total speculation. To account for the large number of testable …
Persistent link: https://www.econbiz.de/10011391722
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Hedging of exchange rate risk and regression dependence
Broll, Udo; Kit, Pong Wong - 1997
The paper presents a model of a risk-averse exporting firm under exchange rate risk. We focus on the economic implications of basis risk. It is shown that the regression dependence assumptions between spot and futures exchange rates are essential in analyzing optimal hedging and export...
Persistent link: https://www.econbiz.de/10009623408
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The Forward Exchange Market, Speculation, and Exchange Market Intervention
Eaton, Jonathan - 1983
This paper develops a stochastic equilibrium model of an open economy incorporating speculation in the forward exchange … market. The model is used to examine two issues. The first is the role of speculation in stabilizing the economy against … stochastic disturbances. Much risk averse speculation stabilizes domestic income against disturbances in the domestic bond market …
Persistent link: https://www.econbiz.de/10012477963
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Speculation in the Foreign Exchange : Noise or Information?
Hayward, Rob - 2015
An event study is used to assess the views of Keynes and Friedman on speculation. Speculative extremes are ranked by … little about the future in either case, suggesting that speculation is more than just random noise and supporting the view …
Persistent link: https://www.econbiz.de/10013019272
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Predictability and Good Deals in Emerging and Developed Currency Markets : The Role of Spot vs. Forward Speculation
Levich, Richard M. - 2018
We study the predictability of forward and spot exchange rates of currencies of emerging and developed economies from 1994 to 2016 to shed light on the efficiency of currency markets and how it has evolved over this time. For the currencies of emerging economies, our analysis of rates of return...
Persistent link: https://www.econbiz.de/10012934887
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The Forward Exchange Market, Speculation, and Exchange Market Intervention
Eaton, Jonathan; Turnovsky, Stephen J. - 2021
This paper develops a stochastic equilibrium model of an open economy incorporating speculation in the forward exchange … market. The model is used to examine two issues. The first is the role of speculation in stabilizing the economy against … stochastic disturbances. Much risk averse speculation stabilizes domestic income against disturbances in the domestic bond market …
Persistent link: https://www.econbiz.de/10013247678
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Liquidity risk and currency premia
Söderlind, Paul; Somogyi, Fabricius - In: Management science : journal of the Institute for … 71 (2025) 1, pp. 518-537
Persistent link: https://www.econbiz.de/10015410141
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Uninformative Feedback and Risk Taking : Evidence from Retail Forex Trading
Ben-David, Itzhak - 2016
We document evidence consistent with retail day traders in the Forex market attributing random success to their own skill and, as a consequence, increasing risk taking. Although past performance does not predict future success for these traders, traders increase trade sizes, trade size...
Persistent link: https://www.econbiz.de/10012456529
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Forex Trading and the WMR Fix
Evans, Martin D. D. - 2017
Since 2013 regulators have been investigating the activities of some of the world's largest banks around the setting of daily benchmarks for forex prices. These benchmarks are a key linchpin of world financial markets, providing standardize prices used to value global equity and bond portfolios,...
Persistent link: https://www.econbiz.de/10012972815
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Uninformative Feedback and Risk Taking : Evidence from Retail Forex Trading
Ben-David, Itzhak - 2016
We document evidence consistent with retail day traders in the Forex market attributing random success to their own skill and, as a consequence, increasing risk taking. Although past performance does not predict future success for these traders, traders increase trade sizes, trade size...
Persistent link: https://www.econbiz.de/10012994895