Ülkü, Numan; Karpova, Yekaterina - In: Journal of International Financial Markets, … 29 (2014) C, pp. 150-169
Hau and Rey (2006) explain a surprising negative correlation between the stock market and home currency by rebalancing action taken by unhedged international equity investors. Foreign investor flows data from Greece with a nationality-breakdown permit a unique empirical test of the key...