haku: @indexterm MONEY MARKETS / yhteensä: 577
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| Tekijä: | Tang, Min Deng, Jin |
| Otsikko: | The BOYi analysis to the confidence of the foreign exchange market during the financial crisis (original in Chinese) |
| Lehti: | Modern Economic Science (c)
1998 : 4, p.18-21 |
| Asiasana: | MONEY MARKETS |
| Kieli: | chn |
| Tiivistelmä: | The BOYi analysis to the confidence in the foreign exchange market can be explained as follows. 1. When the condition (P>B/C) exists, the speculators will choose to enter the exchange market to bring the exchange price down in anticipation that the public may follow to sell local currency in large quantities. then the public's decision is also to sell local currency. 2. When the condition (P>B/C) takes place, the speculators will not attack the market for they forecast that teh public may not follow what they do, Thus the public will hold local currency in hand. (P=the expected probility that the public regard the local curreny will disappreciate; c=unit exchange cost; B=the deviation degree between the local fixed rate and the effective rate) |
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