Information Dissemination in Currency Crises (Lecture Notes in Economics and Mathematical Systems)
 |
|
Описание:
Book DescriptionAs the complexity of financial markets keeps growing, so does the need to understand the decision-making and the coordination of the exsuing actions in the marketplace. In particular, the disclosure of information to market participants and its impact on the market outcome mertis attention. This study analyses the role of private and public information in currency crises. Calls for increased dissemination of economic and policy-related information by central banks notwithstanding, the study shows that transparency is not generally conductive to preventing speculative attacks in fixed exchange-rate regimes. Rather, the role of private and public information in the market-place depencs critically on the prevailing market sentiment. The study also highlights the import of market transparency design in an environment that allows for herding and market leadership of individual speculators.Похожие книги
 | Building Public Trust: The Future of Corporate Reporting Автор: Samuel A. DiPiazza, Robert G. Eccles Год: 1987 |
 | The Singular Objects of Architecture Автор: Jean Baudrillard Год: 2005 |
 | Private Threat to Democratic Accountability? Автор: Sjoerd Swinkels Год: 2010 |
 | TOURISM IN SIKKIM (INDIA) Автор: Sanjukta Sattar Год: 2010 |
 | Investigation of flow and pressure characteristics around pyramidal buildings Автор: Ikhwan M. Год: 2005 |
 | Impact of Joint Forest Management on the Participants and Environment Автор: Naresh Chandra Sahu Год: 2010 |