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Common macro factors and currency premia

Filippou, Ilias; Taylor, Mark P. - 2014

Persistent link: https://www.econbiz.de/10010381967

Speculative eurozone attacks and departure strategies

Homburg, Stefan - 2018

This paper shows that the eurozone payment system does not effectively protect member states from speculative attacks. Suspicion of a departure from the common currency induces a terminal outflow of central bank money in weaker member states. TARGET2 cannot inhibit this drain but only protects...

Persistent link: https://www.econbiz.de/10011922842

Speculative attacks with multiple sources of public information

Cornand, Camille; Heinemann, Frank - 2005

We propose a speculative attack model in which agents receive multiple public signals. It is characterised by its focus on an informational structure which sets free from the strict separation between public information and private information. Diverse pieces of public information can be taken...

Persistent link: https://www.econbiz.de/10010374867

Profits and speculation in intra-day foreign exchange trading

Mende, Alexander (contributor); Menkhoff, Lukas (contributor) - 2006

This study examines profits and speculation in the USD/EUR trading of a bank in Germany over a four-month period …. Dealing activity at the bank generates profits but speculation does not seem to contribute to this. We find that speculative … reveals that there is hardly any room for revenues from speculation. …