The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets

Preprint OPEN
Philip R. Lane; Jay C. Shambaugh;
(2009)
  • Subject: exchange rates; Financial globalization; international portfolios
    • jel: jel:F31 | jel:F32

Recently, there have been numerous advances in modelling optimal international portfolio allocations in macroeconomic models. A major focus of this literature has been on the role of currency movements in determining portfolio returns that may hedge various macroeconomi... View more
  • References (13)
    13 references, page 1 of 2

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