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dc.contributor.authorHoffmann, Andreasen
dc.date.accessioned2012-02-21-
dc.date.accessioned2012-02-21T14:44:47Z-
dc.date.available2012-02-21T14:44:47Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aUniversität Leipzig, Wirtschaftswissenschaftliche Fakultät |cLeipzigen
dc.relation.ispartofseries|aWorking Paper |x102en
dc.subject.jelE32en
dc.subject.jelE44en
dc.subject.jelF31en
dc.subject.jelG11en
dc.subject.ddc330en
dc.subject.keywordcarry tradesen
dc.subject.keywordemerging marketsen
dc.subject.keywordexchange ratesen
dc.subject.stwDevisenhandelen
dc.subject.stwZinsparitäten
dc.subject.stwDevisenspekulationen
dc.subject.stwKapitalertragen
dc.subject.stwWechselkurssystemen
dc.subject.stwOsteuropaen
dc.titleDeterminants of carry trades in Central and Eastern Europe-
dc.typeWorking Paperen
dc.identifier.ppn686074386en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:leiwps:102en

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