PDF-CarryTradesandCurrencyCrashes
5
MarkusKBrunnermeier
PrincetonUniversityNBERandCEPR
StefanNagel
StanfordUniversityandNBER
LasseHPedersen
NewYorkUniversityNBERandCEPR
I
Introduction
Thispaperstudiescrashriskofcurrenciesfor
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