The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself
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The carry trade is the investment strategy of going long in high-yield target currencies and short in low-yield funding currencies. Recently, this naive trade has seen very high returns for long periods, followed by large crash losses after large depreciations of the target currencies. Based on low
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美国国家经济研究局创建时间：
2009-11-01
