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- W3203341284 abstract "Abstract This paper presents the first evidence that the investor attention can be used to forecast currency prices in a speculative attack. Investigating the attacks that affected several emerging economies in the second semester of 2018, I document a strong influence of investor attention on the price and risk of the currency under attack, and this influence monotonically rises with the increase of the attacks’ severity. Moreover, this association is absent outside of the attacks or for those emerging currencies that did not experience an attack in the sample period. These findings are robust to several alternative explanations and provide further support for the importance of retail investors to asset pricing." @default.
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- W3203341284 date "2021-10-11" @default.
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- W3203341284 title "Speculative attacks and investor attention" @default.
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- W3203341284 doi "https://doi.org/10.1111/twec.13207" @default.
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