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Do Large Hedgers and Speculators React to Events? A Stability and Events Analysis

Gurrib, Ikhlaas - 2021

Using CFTC’s COT data, this letter analysed whether large hedgers and large speculators were influenced by major economic events of the 1990s. Eight major economics events are looked at over 10-year period, and findings support that these informed players were hardly affected by major events....

Persistent link: https://www.econbiz.de/10013224489

The Macroeconomics of Financial Speculation

Simsek, Alp - 2021

I review the literature on financial speculation driven by belief disagreements from a macroeconomics perspective. To …-selling constraints, speculation can generate overvaluation and speculative bubbles. Leverage can substantially inflate speculative …, speculation induces procyclical asset valuation. When speculation affects the price of aggregate assets, it also influences …

Persistent link: https://www.econbiz.de/10013238441

The COVID-19 Pandemic and Speculation in Energy, Precious Metals, and Agricultural Futures

Sifat, Imtiaz; Ghafoor, Abdul; Ah Mand, Abdollah - 2021

We report new evidence that speculation in energy and precious metal futures are more prevalent in crisis periods and … is strongly and often non-linearly associated with speculation across instruments …

Persistent link: https://www.econbiz.de/10013240256

Investor Emotions and Speculative Bubbles

Taffler, Richard; Bellotti, Xijuan Angel; Agarwal, Vineet; … - 2021

Between June 2005 and October 2007, when it peaked, the Chinese stock market rose five-fold. It then went into free fall losing 70% of its value over the following year, more than China’s total GDP. A similar trajectory played out between July 2014 and January 2016.This paper describes the...

Persistent link: https://www.econbiz.de/10013249482

Opinions, Prices and Fibonacci Structures

Maloumian, Nicolas - 2021

In the financial markets, contradictory opinions generate a set of constraints which mediate information through a system of expected target prices. As a result, prices are a measure of value as much as they are an indication of how these expectations concerning value remain valid. Thus, path...

Persistent link: https://www.econbiz.de/10013214875

Speculative Bubbles and Irrational Exuberance in African Stock Markets

Almudhaf, Fahad - 2020

We apply the sequential unit root tests of Phillips et al. (2015) for mildly explosive processes to identify and date-stamp bubbles in the emerging and frontier African stock markets. We find periods of explosive behavior in the price–dividend ratio in several markets which is indicative of...

Persistent link: https://www.econbiz.de/10012827384

Bubbles in history

Quinn, William; Turner, John D. - 2020

Bubbles have become ubiquitous. This ubiquity has stimulated research over the past three decades into bubbles in history. In this article, we provide a systematic overview of research into historical bubbles. Our analysis reveals that there is no coherent approach to the study of bubbles and...

Persistent link: https://www.econbiz.de/10012291114

Speculative bubbles and contagion : analysis of volatility's clusters during the DotCom bubble based on the dynamic conditional correlation model

Herwarth Kohn, Maximilian-Benedikt; Pereira, Pedro L. Valls - In: Cogent economics & finance 5 (2017) 1, pp. 1-28

Reviewing the definition and measurement of speculative bubbles in context of contagion, this paper analyses the DotCom bubble in American and European equity markets using the dynamic conditional correlation (DCC) model proposed as on one hand as an econometrics explanation and on the other...

Persistent link: https://www.econbiz.de/10011887512

Bullen, Bären, Krisen : fatale Folgen idealistischer Wirtschaftstheorien

Schulmeister, Stephan - 2019

In den Wirtschaftswissenschaften lassen sich zwei Theorietypen unterscheiden: Die "idealistische Ökonomie" geht von einem Idealzustand aus und untersucht die Bedingungen, unter denen dieser erreicht werden kann wie die Eigenschaften des "homo oeconomicus". Die "realistische Ökonomie" geht vom...

Persistent link: https://www.econbiz.de/10012134042

Short-selling bans and bank stability

Beber, Alessandro; Fabbri, Daniela; Pagano, Marco; … - 2018

In both the subprime crisis and the euro-area crisis, regulators imposed bans on short sales, aimed mainly at preventing stock price turbulence from destabilizing financial institutions. Contrary to the regulators' intentions, financial institutions whose stocks were banned experienced greater...

Persistent link: https://www.econbiz.de/10011978462