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The Effects of Public Information with Asymmetrically Informed Short-Horizon Investors

✍ Scribed by CHEN, QI; HUANG, ZEQIONG; ZHANG, YUN


Book ID
126070517
Publisher
John Wiley and Sons
Year
2014
Tongue
English
Weight
475 KB
Volume
52
Category
Article
ISSN
0021-8456

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## 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