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Forex and carry

Why exchange rates are hard to forecast, why carry pays, and why carry trades crash together.

CitationPaperAccessDifficultyScore
Koijen et al. (2018)Carry
Journal of Financial Economics
FreeModerate0
Menkhoff et al. (2012)Carry Trades and Global Foreign Exchange Volatility
Journal of Finance
FreeTechnical0
Menkhoff et al. (2012)Currency Momentum Strategies
Journal of Financial Economics
FreeModerate0
Lustig et al. (2011)Common Risk Factors in Currency Markets
Review of Financial Studies
FreeTechnical0
Brunnermeier et al. (2008)Carry Trades and Currency Crashes
NBER Macroeconomics Annual
FreeModerate0
Lustig & Verdelhan (2007)The Cross Section of Foreign Currency Risk Premia and Consumption Growth Risk
American Economic Review
FreeTechnical0
Evans & Lyons (2002)Order Flow and Exchange Rate Dynamics
Journal of Political Economy
FreeTechnical0