Modelling and explaining carry trade excess returns in the foreign exchange market
Abstract. The goal of this paper is to obtain a thorough understanding of the foreign exchange market and the pricing process of exchange rates. The main focus is on the most popular currency trading strategy, carry trade, which is defined as borrowing low-yielding currencies and investing in high-y...
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| Format: | Dissertation |
| Language: | English |
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University of Oulu
2012
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| Online Access: | http://jultika.oulu.fi/Record/nbnfioulu-201209271029 |