@article{439, author = {Kenneth Rogoff and Michael Woodford and Markus Brunnermeier and Daron Acemoglu and Stefan Nagel and Lasse Pedersen}, title = {Carry Trades and Currency Crashes}, abstract = {

n/a

}, year = {2008}, journal = {NBER Macroeconomics Annual 2008}, volume = {23}, pages = {313-347}, publisher = {MIT Press}, address = {Cambridge, MA}, note = {

Currency crash risk caused by sudden unwinding of carry trades may discourage speculators from taking on large enough positions to enforce UIP.

}, language = {eng}, }