We propose a simple agent-based computational model in which speculators' trading
behavior may cause bubbles and crashes, excess volatility, serially uncorrelated returns, fat …

We document how introducing a financial transaction tax affects real and financial activity in
a general equilibrium framework. Our model replicates some interesting stylised facts about …

Purpose This paper aims at developing a behavioral agent-based model for interacting
financial markets. Additionally, the effect of imposing Tobin taxes on market dynamics is …

In this paper, we investigate the equilibrium properties of the exchange rate within the
framework of a dynamic heterogeneous agent model. Carry traders, fundamentalists and …

We propose a heterogeneous agent model including the fundamentalists, chartists, and
carry traders, to describe the dynamics of exchange rates, and examine the effects of Tobin …

We examine the roles of heterogeneous agents in the foreign exchange (FX) market under
the uncertainty framework. The empirical results show that uncertainty aversion is an …

Recent survey evidence suggests that investors form beliefs about future stock returns by
predominantly extrapolating their own experience: They overweight returns they have …

This paper constructs a heterogeneous agent model for the foreign exchange market that is
based on the law of supply and demand and includes carry trade, central bank intervention …

The paper develops a two-type behavioral heterogeneous agent model including
fundamentalists and chartists. It examines whether investors' behavioral heterogeneity is …