Do Peso Problems Explain the Returns to the Carry Trade?
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https://www.nber.org/papers/w14054
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资源简介：
We study the properties of the carry trade, a currency speculation strategy in which an investor borrows low-interest-rate currencies and lends high-interest-rate currencies. This strategy generates payoffs which are on average large and uncorrelated with traditional risk factors. We argue that
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美国国家经济研究局创建时间：
2008-06-01
