Matches in Harvard for { <http://id.lib.harvard.edu/aleph/009343966/catalog> ?p ?o. }
Showing items 1 to 23 of
23
with 100 items per page.
- catalog abstract "We decompose currency returns into permanent changes in intrinsic value and transitory movements, called respectively, intrinsic-value and expected-return shocks. We then explore these components and their interactions with institutional investor currency flows. We find that: expected-return shocks are much larger than intrinsic-value shocks; returns overreact to intrinsic-value shocks; expected-return shocks are reliably related to flows whereas intrinsic-value shocks are not; and that intrinsic-return shocks are, as theory would predict, positively related to forecasts of cumulated innovations of interest differentials.".
- catalog contributor b13193771.
- catalog contributor b13193772.
- catalog contributor b13193773.
- catalog created "c2003.".
- catalog date "2003".
- catalog date "c2003.".
- catalog dateCopyrighted "c2003.".
- catalog description "Includes bibliographical references.".
- catalog description "We decompose currency returns into permanent changes in intrinsic value and transitory movements, called respectively, intrinsic-value and expected-return shocks. We then explore these components and their interactions with institutional investor currency flows. We find that: expected-return shocks are much larger than intrinsic-value shocks; returns overreact to intrinsic-value shocks; expected-return shocks are reliably related to flows whereas intrinsic-value shocks are not; and that intrinsic-return shocks are, as theory would predict, positively related to forecasts of cumulated innovations of interest differentials.".
- catalog extent "36 p. :".
- catalog isPartOf "Working paper (Harvard Business School. Division of Research) ; 04-036.".
- catalog isPartOf "Working paper / Division of Research, Harvard Business School ; 04-036".
- catalog issued "2003".
- catalog issued "c2003.".
- catalog language "eng".
- catalog publisher "[Boston] : Division of Research, Harvard Business School,".
- catalog subject "Foreign exchange market.".
- catalog subject "Foreign exchange rates.".
- catalog subject "Institutional investments.".
- catalog subject "Rate of return.".
- catalog title "Currency returns, intrinsic value, and institutional investor flows / Kenneth A. Froot and Tarun Ramadorai.".
- catalog type "text".