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