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Currency value
Menkhoff, Lukas; Sarno, Lucio; Schmeling, Maik; … - 2016
Persistent link: https://www.econbiz.de/10011522077
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Currency Value
Menkhoff, Lukas - 2015
We assess the properties of currency value strategies based on real exchange rates in a cross-sectional portfolio … setting. We find that real exchange rates predict currency excess returns, but in a way that is inconsistent with the notion … of currency value because a high valuation level forecasts a relative appreciation of the foreign currency going forward …
Persistent link: https://www.econbiz.de/10013032642
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Currency Value
Menkhoff, Lukas - 2015
We assess the properties of currency value strategies based on real exchange rates in a cross-sectional portfolio … setting. We find that real exchange rates predict currency excess returns, but in a way that is inconsistent with the notion … of currency value because a high valuation level forecasts a relative appreciation of the foreign currency going forward …
Persistent link: https://www.econbiz.de/10013035463
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Currency value
Menkhoff, Lukas; Sarno, Lucio; Schmeling, Maik; … - In: The review of financial studies 30 (2017) 2, pp. 416-441
Persistent link: https://www.econbiz.de/10011746100
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Non-Fundamental Flows and Foreign Exchange Rates
Aldunate, Felipe E.; Da, Zhi; Larrain, Borja; Sialm, Clemens - National Bureau of Economic Research - 2022
Frequent, yet uninformed, fund flows in Chilean pension plans generate substantial trading in currency markets due to … pressure to currency forward markets and results in violations of the covered interest rate parity. Using trading data and bank …
Persistent link: https://www.econbiz.de/10013477245
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Home bias and local contagion : evidence from funds of hedge funds
Sialm, Clemens; Sun, Zheng; Lu, Zheng - 2013
Persistent link: https://www.econbiz.de/10010206840
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Institutional trading around M&A announcements
Fich, Eliezer; Lantushenko, Viktoriya; Sialm, Clemens - 2019
Persistent link: https://www.econbiz.de/10012027267
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Collateral and lending to rural households in emerging markets
Menkhoff, Lukas; Neuberger, Doris; Ornsiri Rungruxsirivorn - 2010
Persistent link: https://www.econbiz.de/10008909174
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Shocks, individual risk attitude, and vulnerability to poverty among rural households in Thailand and Vietnam
Gloede, Oliver; Menkhoff, Lukas; Waibel, Hermann - In: World development : the multi-disciplinary … 71 (2015), pp. 54-78
Persistent link: https://www.econbiz.de/10011432083
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Financial literacy and its consequences in the emerging middleclass
Grohmann, Antonia; Kouwenberg, Roy; Menkhoff, Lukas - 2014
This paper analyzes the state and impact of financial literacy in a so far largely neglected group: the middle class in emerging economies. This group is of increasing importance for implementing structural change, including the proper use of sophisticated financial products. We survey middle...
Persistent link: https://www.econbiz.de/10010384209