Portfolio Inertia and Expected Excess Returns in Currency Markets: Evidence from Advanced Economies
January 17, 2025
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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Summary
Subject: Currencies, Exchange rate adjustments, Exchange rates, Foreign exchange, Money
Keywords: Currencies, Currency Markets, Exchange rate adjustments, Exchange rates, Exchange Rates, Expected Returns, Portfolio Adjustment Costs, Portfolio Balance, Risk Premium, Uncovered Interest Parity
Publication Details
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Pages:
58
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Volume:
2025
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DOI:
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Issue:
011
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Series:
Working Paper No. 2025/011
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Stock No:
WPIEA2025011
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ISBN:
9798400296451
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ISSN:
1018-5941