Investigation of an index of returns on professionally managed currency funds and a subset
of returns from 34 individual currency fund managers finds that over the 1990–2006 period …

The authors of this book examine the rationale for investing in currency. They highlight
several features of currency returns that make currency an attractive asset class for …

Currency risk hedging typically aims at minimizing portfolio volatility. We find that while
hedging lowers the volatility of international equity and bond portfolios, it also lowers …

This paper presents three new empirical findings on the role of currencies in global stock
and bond portfolios. First, while currency risk hedging significantly reduces portfolio risk …

Optimizing in local currency or in currency-adjusted expected returns depends on the
portfolio base currency. Currency unhedged portfolios are more suitable for EUR-based …

With the economic and technology development, International Corporation among countries
becomes increasingly popular. All countries become an entire unit, therefore understanding …

The purpose of this study is to analyze the effects of currency and interest rates on selected
financial ratios of technology firms. In a developing country, as an economic indicator …

This paper examines the central bank intervention in the yen/dollar market and its influence
on the foreign exchange traders' speculative positions. We observe that speculators …

This paper examines the central bank intervention in the yen/dollar market and its influence
on the foreign exchange tradersn speculative positions. We observe that speculators …