The Role of Speculators During Times of Financial Distress

Naomi E. Boyd; Jeffrey H. Harris; Arkadiusz Nowak

doi:10.3905/jai.2011.14.1.010

The Role of Speculators During Times of Financial Distress

Naomi E. Boyd, Jeffrey H. Harris and Arkadiusz Nowak

The Journal of Alternative Investments Summer 2011, 14 (1) 10-25; DOI: https://doi.org/10.3905/jai.2011.14.1.010

Naomi E. Boyd

is an assistant professor in the Department of Finance at the West Virginia University in Morgantown, WV, and a consultant for the office of the chief economist at the Commodity Futures Trading Commission in Washington, DC.

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For correspondence: naomi.boyd@mail.wvu.edu

Jeffrey H. Harris

is a professor of finance in the Department of Finance at the University of Delaware in Newark, DE.

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For correspondence: harrisj@lerner.udel.edu

Arkadiusz Nowak

is an associate at Cornerstone Research in Washington, DC.

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For correspondence: anowak@cornerstone.com

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The Journal of Alternative Investments

Vol. 14, Issue 1

Summer 2011

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The Role of Speculators During Times of Financial Distress