Speculation and hedging in the currency
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Aaron Tornell; Chunming Yuan
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Article
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2011
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John Wiley and Sons
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English
โ 403 KB
๐ 2 views
## Abstract This study presents an empirical analysis investigating the relationship between the futures trading activities of speculators and hedgers and the potential movements of major spot exchange rates. A set of trader position measures are employed as regression predictors, including the lev