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Non-Fundamental Flows and Foreign Exchange Rates

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NBER2022-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30753
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Frequent, yet uninformed, fund flows in Chilean pension plans generate substantial trading in currency markets due to the high allocation to international securities. These non-fundamental flows have a significant impact on the Chilean peso, which is estimated to have a relatively low price
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2022-12-01
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