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...

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Publicado en:	American Economic Review Vol. 60; no. 4; pp. 721 - 728
Autor principal:	Schilling, Don
Formato:	Artículo
Publicado:	American Economic Association Sep70
Materias:	Foreign exchange market Markets Foreign exchange Monetary systems Monetary policy International finance Finance
Acceso en línea:	Ver este registro en EBSCOhost