Article | Journal of Finance | June 2005

Currency Returns, Intrinsic Value, and Institutional Investor Flows

by K. A. Froot and T. Ramadorai

Keywords: Currencies; Exchange rates; Purchasing power parity; Real exchange rate; Forecasting and Prediction; Behavioral Finance; Investment Return; Market Transactions; Performance Expectations; Personal Characteristics; Asset Pricing; Financial Services Industry;

Citation:

Froot, K. A., and T. Ramadorai. "Currency Returns, Intrinsic Value, and Institutional Investor Flows." Journal of Finance 60, no. 3 (June 2005): 1535–1566. (Revised from NBER Working Paper no. 9101, August 2002 and Harvard Business School Working Paper no. 04-036, December 2003.)