The currency carry trade (CCT) strategy - borrowing in low-interest-rate currencies and investing in high-interest-rate currencies - has been found to generate excess returns that cannot be explained by common risk factors. We argue that companies implicitly execute carry trades, when they have...

"Corporate Foreign Exchange Risk Management offers a highly accessible yet thorough guide to FX exposure management that will appeal to anyone with who is responsible for managing a profit & loss or balance sheet affected by FX fluctuations or who wants to understand how FX fluctuations affect...