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dc.contributor.authorHoffmann, Andreasen_US
dc.date.accessioned2012-02-21en_US
dc.date.accessioned2012-02-21T14:44:47Z-
dc.date.available2012-02-21T14:44:47Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/55536-
dc.description.abstractIn this paper, I analyze determinants of carry trade returns in Central and Eastern Europe (CEE). I show that carry trades to CEE were lucrative due to interest rate spreads between the funding and investment currency from 2004 to 2006. They became unprofitable when liquidity risk and exchange rate volatility increased after 2007. The analysis suggests that the exchange rate regime of the CEE economy matters for carry trade returns. Overall, exchange rate stabilization, particularly via managed floats, seems to allow for the highest profit opportunities.en_US
dc.language.isoengen_US
dc.publisherUniv., Wirtschaftswissenschaftliche Fakultät Leipzigen_US
dc.relation.ispartofseriesWorking Paper // Universität Leipzig 102en_US
dc.subject.jelE32en_US
dc.subject.jelE44en_US
dc.subject.jelF31en_US
dc.subject.jelG11en_US
dc.subject.ddc330en_US
dc.subject.keywordcarry tradesen_US
dc.subject.keywordemerging marketsen_US
dc.subject.keywordexchange ratesen_US
dc.subject.stwDevisenhandelen_US
dc.subject.stwZinsparitäten_US
dc.subject.stwDevisenspekulationen_US
dc.subject.stwKapitalertragen_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwOsteuropaen_US
dc.titleDeterminants of carry trades in Central and Eastern Europeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn686074386en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:leiwps:102-
Appears in Collections:Working Papers, Universität Leipzig

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