eprintid: 16543
rev_number: 13
eprint_status: archive
userid: 1482
importid: 105
dir: disk0/00/01/65/43
datestamp: 2015-03-16 14:49:23
lastmod: 2021-04-02 15:49:24
status_changed: 2018-11-20 11:17:52
type: monograph
metadata_visibility: show
creators_name: Plantin, Guillaume
creators_name: Shin, Huyn
creators_idrefppn: 096180463
title: Destabilizing carry trades
ispublished: pub
subjects: subjects_ECO
abstract: 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.
date: 2014-06
date_type: published
publisher: TSE Working Paper
official_url: http://tse-fr.eu/pub/28367
faculty: tse
divisions: tse
language: en
has_fulltext: FALSE
view_date_year: 2014
full_text_status: none
monograph_type: working_paper
series: TSE Working Paper
volume: 14-512
place_of_pub: Toulouse
institution: Université Toulouse 1 Capitole
department: Toulouse School of Economics
book_title: TSE Working Paper
oai_identifier: oai:tse-fr.eu:28367
harvester_local_overwrite: oai_set
harvester_local_overwrite: faculty
harvester_local_overwrite: site
harvester_local_overwrite: department
harvester_local_overwrite: place_of_pub
harvester_local_overwrite: institution
harvester_local_overwrite: creators_idrefppn
oai_lastmod: 2018-07-31T18:00:01Z
oai_set: tse
oai_set: ut1c
site: ut1
citation:   Plantin, Guillaume <https://www.idref.fr/096180463> and Shin, Huyn  (2014) Destabilizing carry trades.  TSE Working Paper, n. 14-512, Toulouse