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Global currency hedging
Over the period 1975 to 2005, the U.S. dollar (particularly in relation to the Canadian dollar), the euro, and the Swiss franc (particularly in the second half of the period) moved against world equity markets. Thus, these currencies should be attractive to risk-minimizing global equity investors despite their low average returns. The risk-minimizing currency strategy for a global bond investor is close to a full currency hedge, with a modest long position in the U.S. dollar. There is little evidence that risk-minimizing investors should adjust their currency positions in response to movements in interest differentials..Printed journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| JOF6501 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : American Finance Association |
|---|---|
| Edisi | - |
| Subjek | Bonds Investment policy International finance Currency Hedging studies Rates of return |
| ISBN/ISSN | 221082 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |