메뉴 건너뛰기




Volumn 11, Issue 4, 1998, Pages 757-787

Competitive entry and endogenous risk in the foreign exchange market

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0032348109     PISSN: 08939454     EISSN: None     Source Type: Journal    
DOI: 10.1093/rfs/11.4.757     Document Type: Article
Times cited : (34)

References (35)
  • 1
    • 0000552715 scopus 로고
    • Limited market participation and volatility of the asset prices
    • Allen, F., and D. Gale, 1994, "Limited Market Participation and Volatility of the Asset Prices," American Eonomic Review, 84, 933-955.
    • (1994) American Eonomic Review , vol.84 , pp. 933-955
    • Allen, F.1    Gale, A.D.2
  • 3
    • 0039031719 scopus 로고    scopus 로고
    • An equilibrium model with restricted stock market participation
    • mimeo, University of Pennsylvania, forthcoming
    • Basak, S., and D. Cuoco, 1997, "An Equilibrium Model with Restricted Stock Market Participation," mimeo, University of Pennsylvania, forthcoming in Review of Financial Studies.
    • (1997) Review of Financial Studies
    • Basak, S.1    Cuoco, D.2
  • 4
    • 45949119858 scopus 로고
    • The dollar and the real interest rates: An empirical investigation
    • K. Brunner, and A. Meltzer (eds.)
    • Campbell, J., and R. Clarida, 1987, "The Dollar and the Real Interest Rates: An Empirical Investigation," in K. Brunner, and A. Meltzer (eds.), Carnegie Rochester Series on Public Policy, 27, 103-140.
    • (1987) Carnegie Rochester Series on Public Policy , vol.27 , pp. 103-140
    • Campbell, J.1    Clarida, R.2
  • 5
    • 0013397879 scopus 로고    scopus 로고
    • A theory of overconfidence, self-attribution, and security market under- and over-reactions
    • working paper, University of Michigan; forthcoming
    • Daniel, K., D. Hirshleifer, and A. Subrahmanyam, 1997, "A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions," working paper, University of Michigan; forthcoming in Journal of Finance.
    • (1997) Journal of Finance
    • Daniel, K.1    Hirshleifer, D.2    Subrahmanyam, A.3
  • 7
    • 0030163502 scopus 로고    scopus 로고
    • The forward discount anomaly and the risk premium: Recent evidence
    • Working Paper 5312, NBER; forthcoming
    • Engel, C., 1996, "The Forward Discount Anomaly and the Risk Premium: Recent Evidence," Working Paper 5312, NBER; forthcoming in Journal of Empirical Finance.
    • (1996) Journal of Empirical Finance
    • Engel, C.1
  • 8
    • 0001897337 scopus 로고
    • An expository note on individual risk without aggregate uncertainty
    • Feldman, M., and C. Gilles, 1984, "An Expository Note on Individual Risk without Aggregate Uncertainty," Journal of Economic Theory, 35, 26-32.
    • (1984) Journal of Economic Theory , vol.35 , pp. 26-32
    • Feldman, M.1    Gilles, C.2
  • 10
    • 84959841139 scopus 로고
    • Forward discount bias: Is it an exchange risk premium?
    • Frankel, J., and K. Froot, 1989, "Forward Discount Bias: Is It an Exchange Risk Premium?" Quarterly Journal of Economics, 104, 139-161.
    • (1989) Quarterly Journal of Economics , vol.104 , pp. 139-161
    • Frankel, J.1    Froot, K.2
  • 11
    • 0002157562 scopus 로고
    • Chartists, fundamentalists, and trading in the foreign exchange market
    • _, 1990, "Chartists, Fundamentalists, and Trading in the Foreign Exchange Market," American Economic Review, 80, 181-185.
    • (1990) American Economic Review , vol.80 , pp. 181-185
  • 12
    • 0040810315 scopus 로고
    • Using survey data to test standard propositions regarding exchange rate expectations
    • J. Frankel, ed., MIT Press, Cambridge, Mass
    • _, 1993, "Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations," in J. Frankel, ed., On Exchange Rates, MIT Press, Cambridge, Mass.
    • (1993) On Exchange Rates
  • 14
    • 0002849453 scopus 로고
    • The case for flexible exchange rates
    • University of Chicago Press, Chicago
    • Friedman, M., 1953, "The Case for Flexible Exchange Rates," Essays in Positive Economics, University of Chicago Press, Chicago.
    • (1953) Essays in Positive Economics
    • Friedman, M.1
  • 16
    • 21344493808 scopus 로고
    • Differences of opinion make a horse race
    • Harris M., and A. Raviv, 1993, "Differences of Opinion Make a Horse Race," Review of Financial Studies, 6, 473-506.
    • (1993) Review of Financial Studies , vol.6 , pp. 473-506
    • Harris, M.1    Raviv, A.2
  • 18
    • 0000056303 scopus 로고
    • Residual risk, trading costs, and commodity futures risk premia
    • Hirshleifer, D., 1988, "Residual Risk, Trading Costs, and Commodity Futures Risk Premia," Review of Financial Studies, 1, 173-193.
    • (1988) Review of Financial Studies , vol.1 , pp. 173-193
    • Hirshleifer, D.1
  • 19
    • 0009981298 scopus 로고    scopus 로고
    • Is there private information in the FX market? The tokyo experiment
    • Ito, T., R. K. Lyons, and M. T. Melvin, 1998, "Is There Private Information in the FX Market? The Tokyo Experiment," Journal of Finance, 53, 1111-1130.
    • (1998) Journal of Finance , vol.53 , pp. 1111-1130
    • Ito, T.1    Lyons, R.K.2    Melvin, M.T.3
  • 21
    • 85141101504 scopus 로고
    • Differential interpretation of public signals and trade in speculative
    • Kandel, E., and N. D. Pearson, 1995, "Differential Interpretation of Public Signals and Trade in Speculative Markets," Journal of Political Economy, 103, 831-872.
    • (1995) Markets, Journal of Political Economy , vol.103 , pp. 831-872
    • Kandel, E.1    Pearson, N.D.2
  • 24
    • 58149365337 scopus 로고
    • Tests of microsturctural hypotheses in the foreign exchange market
    • Lyons, R., 1995, "Tests of Microsturctural Hypotheses in the Foreign Exchange Market," Journal of Financial Economics, 39, 321-351.
    • (1995) Journal of Financial Economics , vol.39 , pp. 321-351
    • Lyons, R.1
  • 25
    • 11544362506 scopus 로고    scopus 로고
    • Profits and position control: A week of FX dealing
    • forthcoming in
    • Lyons, R., 1997a, "Profits and Position Control: A Week of FX Dealing," forthcoming in Journal of International Money and Finance.
    • (1997) Journal of International Money and Finance
    • Lyons, R.1
  • 26
    • 0001312822 scopus 로고    scopus 로고
    • A simultaneous trade model of the foreign exchange hot potato
    • Lyons, R., 1997b, "A Simultaneous Trade Model of the Foreign Exchange Hot Potato," Journal of International Economics, 275-298.
    • (1997) Journal of International Economics , pp. 275-298
    • Lyons, R.1
  • 27
    • 84977707554 scopus 로고
    • A simple model of capital market equilibrium with incomplete information
    • Merton, R. C., 1987, "A Simple Model of Capital Market Equilibrium with Incomplete Information," Journal of Finance, 42, 483-510.
    • (1987) Journal of Finance , vol.42 , pp. 483-510
    • Merton, R.C.1
  • 28
    • 0000370145 scopus 로고
    • Endogenous market thinness and stock price volatility
    • Pagano, M., 1989, "Endogenous Market Thinness and Stock Price Volatility," Review of Economic Studies, 56, 269-288.
    • (1989) Review of Economic Studies , vol.56 , pp. 269-288
    • Pagano, M.1
  • 29
    • 0039648383 scopus 로고    scopus 로고
    • Noise trading in small markets
    • Palomino, F., 1996, "Noise Trading in Small Markets," Journal of Finance, 51, 1537-1551.
    • (1996) Journal of Finance , vol.51 , pp. 1537-1551
    • Palomino, F.1
  • 31
    • 0039031716 scopus 로고    scopus 로고
    • Interdealer trade and information flows in a decentralized foreign exchange market
    • J. Frankel, G. Galli, and A. Giovannini, eds., University of Chicago Press, Chicago
    • Perraudin, W., and P. Vitale, 1996, "Interdealer Trade and Information Flows in a Decentralized Foreign Exchange Market," in J. Frankel, G. Galli, and A. Giovannini, eds., The Microstructure of Foreign Exchange Markets, University of Chicago Press, Chicago.
    • (1996) The Microstructure of Foreign Exchange Markets
    • Perraudin, W.1    Vitale, P.2
  • 33
    • 84934349023 scopus 로고
    • Information externalities and welfare-reducing speculation
    • Stein, J. C., 1987, "Information Externalities and Welfare-reducing Speculation," Journal of Political Economy, 95, 1123-1145.
    • (1987) Journal of Political Economy , vol.95 , pp. 1123-1145
    • Stein, J.C.1
  • 34
    • 84960614899 scopus 로고
    • A model of intertemporal asset prices under asymmetric information
    • Wang, J., 1993, "A Model of Intertemporal Asset Prices Under Asymmetric Information," Review of Economic Studies, 60, 249-282.
    • (1993) Review of Economic Studies , vol.60 , pp. 249-282
    • Wang, J.1
  • 35
    • 84937302781 scopus 로고
    • A model of competitive stock trading volume
    • Wang, J., 1994, "A Model of Competitive Stock Trading Volume," Journal of Political Economy, 102, 127-168.
    • (1994) Journal of Political Economy , vol.102 , pp. 127-168
    • Wang, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.