Persistence in the Variability of Daily Exchange Rates /
Rational speculation in foreign exchange trading is often assumed to dampen exchange rate fluctuations by bringing the market back to fundamentals. Nevertheless, information congestion provides incentives for traders to follow positive feedback strategies which result in persistent and volatile exch...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 1991/104 |
| الوصول للمادة أونلاين: | Full text available on IMF |