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adjusted to take account of future asset price risk. Some empirical calculations suggest that these adjustments are large, and …
Persistent link: https://www.econbiz.de/10013223604
Analyses of the role of rational speculators in financial markets usually presume that such investors dampen price fluctuations by trading against liquidity or noise traders. This conclusion does not necessarily hold when noise traders follow positive-feedback investment strategies buy when...
Persistent link: https://www.econbiz.de/10012774560
risk factors which affect particular markets …
Persistent link: https://www.econbiz.de/10013228632