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Profitable speculation, price stability, and welfare

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  • Stephen W. Salant

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Suggested Citation

  • Stephen W. Salant, 1974. "Profitable speculation, price stability, and welfare," International Finance Discussion Papers 54, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgif:54
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    File URL: http://www.federalreserve.gov/pubs/ifdp/1974/54/ifdp54.pdf
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    Cited by:

    1. Neely, Christopher J., 2008. "Central bank authorities' beliefs about foreign exchange intervention," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 1-25, February.
    2. Leahy, Michael P, 1995. "The profitability of US intervention in the foreign exchange markets," Journal of International Money and Finance, Elsevier, vol. 14(6), pages 823-844, December.
    3. Stein, Jeremy C, 1987. "Informational Externalities and Welfare-Reducing Speculation," Journal of Political Economy, University of Chicago Press, vol. 95(6), pages 1123-1145, December.
    4. Christopher J. Neely, 2001. "The practice of central bank intervention: looking under the hood," Review, Federal Reserve Bank of St. Louis, vol. 83(May), pages 1-10.
    5. Frank McCormick, 1979. "A simple model of the welfare effects of central bank intervention in the foreign exchange market," International Finance Discussion Papers 147, Board of Governors of the Federal Reserve System (U.S.).

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