This paper identifies the ex ante factors of currency speculation based on the experience of Hong Kong’s three episodes … probability of currency speculation. The empirical results indicate that unusual movements in the exchange rate difference, Hang … periods of currency speculation. The paper traces the disposition of the speculators. …

of the economy, with curbs on the worst practices of speculation, are necessary to provide long-term stability. We have … explored one way in which to measure speculation versus production, in what we call a “speculative spread,” and suggest that …

in the project -The return to Keynes. Speculation and stabilization policies: money and commodities- financed by the … Italian Ministry of Education (PRIN 2008). They focus on four main areas of investigation: Keynes’s ideas on speculation, case …

significant role in explaining fluctuations in stock returns. A brief assessment on the role of speculation in driving oil prices …

important role in prolonging the speculation in the real estate sector. For the first time it is proven that the guilt for the …

This paper studies empirically how uncertainty affects speculation in the foreign exchange markets. We use the …

This article analyzes the effect of speculation on the economic welfare from various criteria, using a simple Edgeworth … box within a three-period Walrasian competition framework. Here “speculation” is defined as a series of transition …), and economic value of speculation by Hirshleifer (1971, 1975, 1977). It is explicitly shown that the complete sharing of …

wanted to limit speculation in the oil market, it should keep the shorter-term futures contracts and eliminate the more …