Currency Markets: Portfolio Inertia vs Expected Returns
Portfolio Inertia vs Expected Returns: Expected excess returns in currency markets can result from portfolio adjustment costs, not just risk premiums, as evidenced in data from nine inflation-targeting economies with floating exchange rates.
Featured in No. 84 on 5 Feb 2025 · 13 days after release
- Released
- 23 Jan 2025
- First featured
- No. 84 · 5 Feb 2025
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 15
- Identifier
- SSRN 5107382
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