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Experimental Analysis on the Role of a Large Speculator in Currency Crises
By:Yasuhiro Arikawa,Kumi Suzuki-Löffelholz,Kenshi Taketa
Published on 2006 by

Corsetti, Dasgupta, Morris, and Shin (2004, RES) demonstrate that the presence of the large speculator can cause the remaining traders to be more aggressive in speculative attacks in the foreign exchange market. We conduct an experimental analysis designed to test theoretical findings of Corsetti, Dasgupta, Morris, and Shin (2004, RES); in fact the results support their theoretical predictions. Moreover, the results also suggest an asymmetric effect in regulating and deregulating the size of the large speculator.--Authors' abstract
This Book was ranked at 3 by Google Books for keyword Currency.
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