The bubble mechanism is sometimes called the bigger fool view of market behaviour. Can you explain why?

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The bubble mechanism is sometimes called “the bigger fool” view of market behaviour. Can you explain why?

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Exchange Rates and International Finance

ISBN: 978-0273786047

6th edition

Authors: Laurence Copeland

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Question Posted: Apr 03, 2019 12:00 PM

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The bubble mechanism is sometimes called the bigger fool view of market behaviour. Can you explain why?

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In a bubble the market price of the currency is higher than its intri...View the full answer

Exchange Rates and International Finance

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