The long or short of it: Determinants of foreign currency exposure in external balance sheets

Article, Preprint English OPEN
Philip R. Lane and Jay C. Shambaugh;
(2008)

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
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