On the role of heterogeneous and imperfect information in a laboratory financial market
✍ Scribed by Simone Alfarano; Iván Barreda-Tarrazona; Eva Camacho-Cuena
- Publisher
- Springer-Verlag
- Year
- 2006
- Tongue
- English
- Weight
- 326 KB
- Volume
- 14
- Category
- Article
- ISSN
- 1435-246X
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
## Abstract Using a bivariate, asymmetric generalized autoregressive conditional heteroskedasticity model, we examine the patterns of information flows for three financial futures contracts that are dual‐listed on U.S. and Asian markets (i.e., Nikkei 225 Index, Eurodollar, and dollar–yen currency f
## Abstract This paper posits asymmetric information as the missing link between the currency demands of investors and changes in the exchange rate. A theoretical model demonstrates that changes in the exchange rate and currency demand are positively correlated for well‐informed investors and negat