Research Area

Currencies

Translate local returns, inspect funding channels and understand the exposure behind a currency hedge.

Currency Translation and Cross-Border Returns

Calculate base-currency returns with explicit quote direction, cash-flow timing, and distinctions between translation and economic exposure.

Currencies

Comparing Hedged and Unhedged Returns

Reconcile foreign-asset returns, forward payoffs, hedge notionals, and funding effects under explicit currency conventions.

Currencies

The Dollar's Trade, Valuation, and Financial Channels

Analyze dollar movements through debt denomination, investor balance sheets, trade, and commodity translation without assuming one universal asset response.