Countercyclical Currency Risk Premia
收藏NBER2010-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16427
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资源简介：
We describe a novel currency investment strategy, the 'dollar carry trade,' which delivers large excess returns, uncorrelated with the returns on well-known carry trade strategies. Using a no-arbitrage model of exchange rates we show that these excess returns compensate U.S. investors for taking on
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美国国家经济研究局创建时间：
2010-09-01
