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dc.contributor.authorCampbell, John
dc.contributor.authorSerfaty-de Medeiros, Karine
dc.contributor.authorViceira, Luis
dc.date.accessioned2009-07-08T13:36:36Z
dc.date.issued2009
dc.identifier.citationCampbell, John Y., Karine Serfaty-de Medeiros, and Luis M. Viceira. Forthcoming. Global currency hedging. Journal of Finance 64.en
dc.identifier.issn0022-1082en
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:3153308
dc.description.abstractOver the period 1975 to 2005, the US dollar (particularly in relation to the Canadian dollar) and the euro and Swiss franc (particularly in the second half of the period) have 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 US dollar. There is little evidence that risk-minimizing investors should adjust their currency positions in response to movements in interest differentials.en
dc.description.sponsorshipEconomicsen
dc.language.isoen_USen
dc.publisherBlackwell Publishingen
dc.relation.isversionofhttp://www.afajof.org/en
dash.licenseOAP
dc.titleGlobal Currency Hedgingen
dc.relation.journalJournal of Financeen
dash.depositing.authorCampbell, John
dc.identifier.doi10.3386/w13088
dash.contributor.affiliatedCampbell, John
dash.contributor.affiliatedViceira, Luis


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