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 …
