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Central bank intervention and feedback traders

✍ Scribed by Frank H. Westerhoff


Book ID
117699525
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
200 KB
Volume
13
Category
Article
ISSN
1042-4431

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## Abstract Shleifer and Vishny (SV) pointed out some of the practical and theoretical problems associated with assuming that rational risk‐arbitrage would quickly drive asset prices back to long‐run equilibrium. In particular, they showed that the possibility that asset price disequilibrium would