NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Carry Trades and Risk

Craig Burnside

NBER Working Paper No. 17278
Issued in August 2011

---- Acknowledgements -----

I thank Martin Eichenbaum, Barry Rafferty, Sergio Rebelo, Nikolai Roussanov, Lucio Sarno and an anonymous referee for helpful comments. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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