Currency overlay is the management of the currency exposureinherent in cross-border institutional investments. Exposure toforeign currencies increases the volatility of their returns, without increasing the returns themselves and academics andconsultants recommended that the currency exposure should bestripped out of international portfolios and eliminated as far aspracticable. This book provides a comprehensive description of currencyoverlay, its history and possible future developments and growth, the reason for its ...

Currency Overlay 2003, Wiley, Chichester, England

ISBN-13: 9780470850275