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Uncertainty, liquidity and speculation : a Keynesian perspective on financial innovation in the debt markets

Carter, Michael J. - In: Journal of post-Keynesian economics : JPKE 14 (1991) 2, pp. 169-182

Persistent link: https://www.econbiz.de/10001120631

Speculation and Risk Sharing with New Financial Assets

Simsek, Alp - 2011

towards increasing the opportunities for speculation rather than risk sharing …While the traditional view of financial innovation emphasizes the risk sharing role of new financial assets, belief … disagreements about these assets naturally lead to speculation, which represents a powerful economic force in the opposite direction …

Persistent link: https://www.econbiz.de/10013119601

Heterogeneous Beliefs, Regret, and Uncertainty : The Role of Speculation in Energy Price Dynamics

Joëts, Marc - 2014

This paper proposes to investigate the impact of financialization on energy markets (oil, gas, coal and electricity European forward prices) during both normal times and extreme fluctuation periods through an original behavioral and emotional approach. To this aim, we propose a new theoretical...

Persistent link: https://www.econbiz.de/10013064133

Measuring Risk for Large Hedgers and Large Speculators in Major US Futures Markets

Gurrib, Ikhlaas - 2013

Using the Commodity Futures Trading Commission's Commitments of Traders data, considering both the generalized autoregressive conditional heteroskedasticity (GARCH) and the power ARCH volatility-based models, it has been found that the lagged volatility and the news about volatility from the...

Persistent link: https://www.econbiz.de/10013073840

A Risk-Centric Model of Demand Recessions and Speculation

Caballero, Ricardo J. - 2017

We provide a continuous-time “risk-centric” representation of the New Keynesian model, which we use to analyze the … interactions between asset prices, financial speculation, and macro- economic outcomes when output is determined by aggregate … heterogeneous asset valuations) matter because they induce investors to speculate. This speculation exacerbates the crash by …

Persistent link: https://www.econbiz.de/10012951344

Latency and Liquidity Risk

Cartea, Álvaro - 2019

Latency (i.e., time delay) in electronic markets affects the efficacy of liquidity taking strategies. During the time liquidity takers process information and send marketable limit orders (MLOs) to the exchange, the limit order book (LOB) might undergo updates, so there is no guarantee that MLOs...

Persistent link: https://www.econbiz.de/10012865055

Corporate Financial Asset Holdings Under Economic Policy Uncertainty : Precautionary Saving or Speculating?

Huang, Jialin - 2019

than precautionary saving,speculation is the underlying motive that drives firms to increase their non-currency financial …

Persistent link: https://www.econbiz.de/10012871993

Identifying Corporate Speculation Reading Public Disclosures – Why Firms Increase Risk

Hecht, Andreas - 2018

To date, readers of financial statements are not able to identify speculation as risk-increasing activity from public … identification of speculative activities. Further, we help solve the puzzle of the determinants of speculation and find that frequent …

Persistent link: https://www.econbiz.de/10012933506

The safety of speculation …

Woods, J. E. - In: Cambridge journal of economics 45 (2021) 5, pp. 1069-1097

Persistent link: https://www.econbiz.de/10012618754

Disagreement, Speculation, and the Idiosyncratic Volatility

Jiang, Ying; Pan, Jiening; Wang, Jianqiu; Wu, Ke - 2021

We propose that speculative trading arising from the joint effect of investor disagreement and short-sale constraints plays an important role in explaining the idiosyncratic volatility (IVOL) puzzle, the correlation among IVOL, market beta and trading volume, and the co-movement of IVOL....

Persistent link: https://www.econbiz.de/10013234143