In Finance, Humans Were the First Machines
A Q&A with Chicago Booth’s Dacheng Xiu on the implications of machine learning for the financial markets.
In Finance, Humans Were the First MachinesWhy the carry trade is not just for currencies
Applying the practice to a diversified portfolio results in much-improved returns.
Investors can use carry to compare return predictors that were previously difficult to weigh against each other.
Ralph S.J. Koijen, Tobias J. Moskowitz, Lasse Heje Pedersen, and Evert B. Vrugt, “Carry,” Working paper, August 2013.
A Q&A with Chicago Booth’s Dacheng Xiu on the implications of machine learning for the financial markets.
In Finance, Humans Were the First MachinesRemoving key information from customers’ credit records can make a great deal of difference to individuals’ credit scores and their cost of borrowing.
Financial Data Privacy Could Help Fight PovertyGlobal investors’ appetite for dollar-denominated assets has big implications for currency markets and the US economy.
How Much Does the US Dollar’s Primacy Depend on Investor Demand?Your Privacy
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