Moosa, Imad A.; Halteh, Pashaar - In: Economia Internazionale / International Economics 65 (2012) 4, pp. 605-621
Six currency combinations are used to study the comparative profitability of carry trade and a forecasting-based strategy. The results show that the forecasting-based strategy outperforms straight carry trade in terms of return and risk-adjusted return. The implication of these results is that...