Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze

Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze
A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper addresses the question of how an attack is launched on the forward market, and what the optimal policy response to such speculation is in the... READ MORE...

Publication date: December 1997
ISBN 9781451980202
$15.00

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