政治风险对货币套利交易的影响

AARN: Theorizing Politics & Power (Political) (Topic) Pub Date : 2016-11-01 DOI:10.2139/SSRN.2735841

Nebojsa Dimic, Vitaly Orlov, Vanja Piljak

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引用次数: 16

摘要

本文探讨了个人货币套息交易的风险特征。研究结果表明，套利交易的盈利能力取决于一个国家的政治风险，支持基于风险的远期偏见观点。政治风险效应起源于政府行为的组成部分，在新兴经济体和利差较高的国家更为明显。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Effect of Political Risk on Currency Carry Trades

This paper explores the risk profile of individual currency carry trades. Findings indicate that carry trade profitability depends on a country's political risk, supporting the risk-based view on forward bias. Political risk effect originates as a component of government actions and is more pronounced in emerging economies and in countries with high interest differentials.

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AARN: Theorizing Politics & Power (Political) (Topic)

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