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Currency unions and the incentive to reform: are market mechanisms enough?

✍ Scribed by Andrew Hughes Hallett; Svend E.Hougaard Jensen


Book ID
117717487
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
116 KB
Volume
12
Category
Article
ISSN
1062-9408

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Speculation and hedging in the currency
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## 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