Speculation, Derivatives and Capital Controls

Dick Bryan and Michael Rafferty

Chapter 8 in Capitalism with Derivatives, 2006, pp 179-202 from Palgrave Macmillan

Abstract: Abstract Those concerned with levels of economic growth, investment, employment, wages and the like frequently look at data on financial markets with bemusement. Why do global financial markets turn over each year about 100 times more than is needed to fund international trade? What goes on in these financial markets, and is it necessary if they are not supporting the ‘real’ activities of production and investment?

Keywords: Exchange Rate; Financial Market; Market Participant; Foreign Exchange Market; Spot Market (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50154-6_8

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DOI: 10.1057/9780230501546_8

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