Returns to the carry trade

Season 1, Episode 3,   Feb 13, 2009, 06:33 PM

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Martin Eichenbaum interviewed by Romesh Vaitilingam, 13 February 2009

Martin Eichenbaum of Northwestern University talks to Romesh Vaitilingam about the carry trade, a currency speculation strategy in which an investor borrows low-interest-rate currencies and lends high-interest-rate currencies. The interview was recorded at the American Economic Association meetings in San Francisco in January 2009.