Devaluation Risk and Forward Exchange Theory.
This article presents a formal model of forward exchange market speculation which is based upon the present structure of the international monetary system with binomial speculative expectations. The recognition of the binomial character of speculative expectations which is embodied in our speculativ...
| Publicado en: | American Economic Review Vol. 60; no. 4; pp. 721 - 728 |
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| Formato: | Artículo |
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American Economic Association
Sep70
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| Acceso en línea: | Ver este registro en EBSCOhost |