| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16942 |
| 来源ID | Working Paper 16942 |
| Carry Trade and Momentum in Currency Markets | |
| Craig Burnside; Martin S. Eichenbaum; Sergio Rebelo | |
| 发表日期 | 2011-04-07 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We examine the empirical properties of the payoffs to two popular currency speculation strategies: the carry trade and momentum. We review three possible explanations for the apparent profitability of these strategies. The first is that speculators are being compensated for bearing risk. The second is that these strategies are vulnerable to rare disasters or peso problems. The third is that there is price pressure in currency markets. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w16942 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574616 |
| 推荐引用方式 GB/T 7714 | Craig Burnside,Martin S. Eichenbaum,Sergio Rebelo. Carry Trade and Momentum in Currency Markets. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16942.pdf（887KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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