Forex and carry
Why exchange rates are hard to forecast, why carry pays, and why carry trades crash together.
| Citation | Paper | Access | Difficulty | Score |
|---|---|---|---|---|
| Koijen et al. (2018) | Carry Journal of Financial Economics | Free | Moderate | 0 |
| Menkhoff et al. (2012) | Currency Momentum Strategies Journal of Financial Economics | Free | Moderate | 0 |
| Brunnermeier et al. (2008) | Carry Trades and Currency Crashes NBER Macroeconomics Annual | Free | Moderate | 0 |
| Meese & Rogoff (1983) | Empirical Exchange Rate Models of the Seventies: Do They Fit Out of Sample? Journal of International Economics | Paywalled | Moderate | 0 |