Carry Trades and Currency Crashes

Citation:

Brunnermeier, Markus K, Stefan Nagel, and Lasse H Pedersen. “Carry Trades and Currency Crashes”. Ed. Kenneth Rogoff, Michael Woodford, & Daron Acemoglu. NBER Macroeconomics Annual 2008 23 (2008): , 23, 313-347. Print.

Abstract:

n/a

Notes:

Currency crash risk caused by sudden unwinding of carry trades may discourage speculators from taking on large enough positions to enforce UIP.

See also: International
Last updated on 07/16/2014