Rational Speculation, Financial Crises, and Optimal Policy Responses /
This paper develops a theory of the onset of financial crises by solving for the optimal trading strategies of speculators in financial markets, in a model where each speculator tries to coordinate her trades with the market's by observing the decisions of other speculators, while simultaneousl...
| Egile nagusia: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| Saila: | IMF Working Papers; Working Paper ;
No. 2004/025 |
| Sarrera elektronikoa: | Full text available on IMF |