Since 2014
The role of commercial banks in foreign exchange speculation
PSL Quarterly Review
View Archive Info| Field | Value | |
| Title |
The role of commercial banks in foreign exchange speculation
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| Creator |
CUTILLI, B.
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| Subject |
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Banks, foreign exchange speculation, monetary authorities, exchange rate F31, G21, E58 |
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| Description |
The article suggests that, contrary to popular belief, banks can play a useful role in foreign exchange speculation if they are given a chance to draw a permanent profit from it and are convinced of the ability of the monetary authorities to maintain the exchange rate within certain pre-established boundaries. The author proposes a model to argue that banks’ speculative activity is beneficial both in stabilizing the exchange rate in the face of non-speculators’ operation and in repelling a sudden attack by occasional speculators.
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| Publisher |
Economia civile
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| Contributor |
—
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| Date |
2014-02-24
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11662
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| Source |
PSL Quarterly Review; Vol 16, No 65 (1963)
PSL Quarterly Review; Vol 16, No 65 (1963) 2037-3643 ISSN 2037-3635 |
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| Language |
eng
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| Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11662/11519
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| Rights |
Copyright (c) 2016 B. CUTILLI
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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