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The authors develop an application of uncovered interest arbitrage (UIA) known as yen carry trade. Analyze how does yen carry trade work. Why would an
- The authors develop an application of uncovered interest arbitrage (UIA) known as "yen carry trade."
- Analyze how does yen carry trade work.
- Why would an investor engage in the practice of yen carry trade and is there any risk of loss or lesser profit from this investment strategy?
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