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Exchange Policy Credibility Through the Lens of the Carry Trade: The Mexican Peso and the Brazilian Real
(Universidade da Coruña, Servizo de Publicacións, 2018)
[Abstract] Exchange credibility is a valuable asset for currency policymakers. In this article we intend to analyse exchange credibility from the perspective of carry trade speculators. Global speculators' access to shadow ...
A Sharpe-Ratio-Based Measure for Currencies
(Universidade da Coruña, Servizo de Publicacións, 2015)
[Abstract] The Sharpe Ratio offers an excellent summary of the excess return required per unit of risk invested. This work presents an adaptation of the ex-ante Sharpe Ratio for currencies where we consider a random walk ...