relation: https://publications.ut-capitole.fr/id/eprint/16543/
title: Destabilizing carry trades
creator: Plantin, Guillaume
creator: Shin, Huyn
subject: B- ECONOMIE ET FINANCE
description: We offer a model of currency carry trades in which carry traders earn positive excess returns if they successfully coordinate on supply- ing excessive capital to a target economy. The interest-rate differential between their funding currency and the target currency is their coor- dination device. We solve for a unique equilibrium that exhibits the classic pattern of the carry-trade recipient currency appreciating for extended periods, punctuated by sharp falls.
publisher: TSE Working Paper
date: 2014-06
type: Monograph
type: NonPeerReviewed
identifier:   Plantin, Guillaume <https://www.idref.fr/096180463> and Shin, Huyn  (2014) Destabilizing carry trades.  TSE Working Paper, n. 14-512, Toulouse     
relation: http://tse-fr.eu/pub/28367
language: en