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Bilson’s Paper Published in Book on the Overlooked Market Segment of Currencies

John BilsonJohn Bilson, Associate Dean and Professor of Finance, had his paper, “Carry Trades in Emerging Markets,” published in The Role of Currency in Institutional Portfolios, edited by Momtchil Pojarliev and Richard M. Levich.

The paper develops new techniques for investing in emerging market currencies and demonstrates that these markets make a significant contribution to the profitability of carry trades, speculative strategies that involve borrowing in low yield currencies and investing in high yield currencies.