Theory of speculative markets ( tsm ) is a very interesting field that attracts many economists 从金融发展史来看，投机性市场理论一直处于主流金融学的边缘。
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But no one could have successfully predicted just when the euro would appreciate , or that it would first fall to almost 80 cents , although the pattern of momentum in the short run and mean reversion in the long run is a common feature of speculative markets 然而，尽管短期动量型态与长期回归平均趋势是`所有投机性市场的?个共同特征，但没有人曾成功预知欧元何时升值，或者预见欧元兑美元汇率会先跌至近80美分的水平。
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Not only the general theories of economic regulations but also the general theories of the financial regulations can construe the regulative theoretical basis of the foreign banks . these include natural monopoly , externalism , information insufficient and the short - term and speculative market behavior 不仅经济管制的一般理论是解释外资银行监管的基本理论，而且金融监管的一般理论也同样是我们理解外资银行监管的理论依据，主要包括自然垄断、外部效应、信息不充分和市场行为的短期性和投机性。
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