کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5101584 | 1479343 | 2017 | 49 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Timing liquidity in the foreign exchange market: Did hedge funds do it?
ترجمه فارسی عنوان
نقدینگی زمانبندی در بازار ارز: آیا صندوق های سرمایه گذاری این کار را انجام می دهند؟
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
Risks associated with international investments such as foreign exchange (FX) exposure have recently gained increasing attention, especially those related to the liquidity conditions of the FX market after the financial crisis of 2007-2008. This paper investigates whether hedge funds time liquidity in the FX market and to what extent this contributes to their investment returns. We focus on hedge funds that invest globally and transact in the FX market. Our findings, which are statistically robust, show the liquidity timing abilities of these hedge funds may be attributed to their investing styles and the types of assets they manage, where a stronger liquidity timing ability may be demanded of systematic futures hedge funds to cushion against exposure underlying foreign assets.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Multinational Financial Management - Volume 40, June 2017, Pages 47-62
Journal: Journal of Multinational Financial Management - Volume 40, June 2017, Pages 47-62
نویسندگان
Ji Luo, Kai-Hong Tee, Baibing Li,