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- W2104112128 abstract "Yen carry trades have traditionally been viewed in narrow terms purely as a foreign exchange transaction. However, evidence from the waxing and waning of balance sheets of foreign banks operating in Japan points to a broader notion of the carry trade. Yen liabilities fund not only pure currency carry trades, but also fund the general increase in balance sheets of hedge funds and financial intermediaries. The difference in overnight rates across countries is a crucial determinant of balance sheet changes. Domestic monetary policy thus has a global dimension." @default.
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- W2104112128 date "2007-10-01" @default.
- W2104112128 modified "2023-09-27" @default.
- W2104112128 title "The Broad Yen Carry Trade" @default.
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