Do Currency Fundamentals Matter for Currency Speculators? /
The answer seems affirmative. We compare currency carry trades with an investment strategy based on currency fundamentals: taking a long (short) position in undervalued (overvalued) currencies. Carry trades have high risk-adjusted returns, but are subject to "crash risk." In contrast, the...
| Autor Principal: | |
|---|---|
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2010.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2010/039 |
| Acceso en liña: | Full text available on IMF |