Private Beliefs and Information Externalities in the Foreign Exchange Market
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资源简介：
An information externality exists in the foreign exchange market due to the fact that traders play two partially conflicting roles: (i) each is a speculator and (ii) each is an information clearinghouse in that each intermediates own-customer orders which convey information. Profit maximization
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美国国家经济研究局创建时间：
1991-10-01
