haku: @indexterm FOREIGN EXCHANGE MARKET / yhteensä: 170
viite: 16 / 170
| Tekijä: | Ghosh, D. K. Prakash, A. J. |
| Otsikko: | Strategic rules on speculation in the foreign exchange market |
| Lehti: | Journal of Financial Research
2001 : SPRING, VOL. 24:1, p. 15-26 |
| Asiasana: | STRATEGY FOREIGN EXCHANGE MARKET SPECULATION |
| Kieli: | eng |
| Tiivistelmä: | Speculation is an assumption of risk by choice with the intent to earn a large rate of return in an investment. In this article the authors specify the conditions for profitable speculation in the foreign exchange market with spot and forward contracts. The authors derive the unique strategic rules from the initial two-choice situations in a given environment. Finally, in a more complex structure involving covered arbitrage, speculative profits are computed with iterative plays. Here the authors provide some decision rules as to how to speculate, and, through some numerical data sets, the authors show how much profit can be generated in a given situation. |
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