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Speculative equilibrium with differences in higher-order beliefs

Han, Jungsuk; Kyle, Albert S. - In: Management science : journal of the Institute for … 64 (2018) 9, pp. 4317-4332

Persistent link: https://www.econbiz.de/10011921524

Foreign exchange speculation : an event study

Hayward, Rob - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-13

Does speculation facilitate price discovery or instability? If it is price discovery, it is beneficial and should be … characteristics by analysing those times when speculation in the foreign exchange market is most extreme. A series of event studies … are conducted on the extremes of speculative sentiment and speculative activity. If speculation is noise, extreme …

Persistent link: https://www.econbiz.de/10011857218

Syndicated loans and CDS positioning

Aldasoro, Iñaki; Barth, Andreas - 2017

Persistent link: https://www.econbiz.de/10011761794

Nonspeculative bubbles revisited : speculation does matter

Tucker, Steven James; Xu, Yilong - 2020

Persistent link: https://www.econbiz.de/10012428527

Syndicated loans and CDS positioning

Aldasoro, Iñaki; Barth, Andreas - 2017

This paper analyzes banks' usage of CDS. Combining bank-firm syndicated loan data with a unique EU-wide dataset on bilateral CDS positions, we find that stronger banks in terms of capital, funding and profitability tend to hedge more. We find no evidence of banks using the CDS market for capital...

Persistent link: https://www.econbiz.de/10011978351

John Maynard Keynes : the economist as investor

Cristiano, Carlo; Marcuzzo, Maria Cristina - In: Review of Keynesian economics 6 (2018) 2, pp. 266-281

Persistent link: https://www.econbiz.de/10011868191

Speculative bubble tendencies in time series of Bitcoin market prices

Demmler, Michael; Fernández Domínguez, Amilcar O. - In: Cuadernos de economía 41 (2022) 86, pp. 159-183

Persistent link: https://www.econbiz.de/10014541846

Chapter 13 Commodity futures and options

Williams, Jeffrey C. - In: Handbook of agricultural economics : volume 1, part B, …, (pp. 745-816). 2001

Organized exchanges have evolved methods for enforcing contracts, which allow the contracts themselves to be traded at low cost. Theorists have modeled futures contracts as tools for risk management, despite an extensive empirical literature that does not support predictions about bias in prices...

Persistent link: https://www.econbiz.de/10014024123

The role of information in the Rice Exchange : YAMAGATA Bantō's Great Knowledge (1806)

Takatsuki, Yasuo; Hisamatsu, Taro - In: The European journal of the history of economic thought 30 (2023) 3, pp. 395-409

Persistent link: https://www.econbiz.de/10014294101

Commodity Pricing : Time-Varying Discount Rates vs. Investors’ Heterogeneity

Bredin, Donal; Potì, Valerio; Salvador, Enrique - 2023

On the 30th anniversary of the seminal article by Pindyck (1993), we re-evaluate the evidence for the classical rational model of commodity prices, extending it to admit time- varying discount rates, investors’ heterogeneity or both. Discount factors specifications are flexible enough to allow...

Persistent link: https://www.econbiz.de/10014351164