search query: @author Annaert, J. / total: 5
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| Author: | Annaert, J. De Ceuster, M. J. K. |
| Title: | The Big Mac: More than a junk asset allocator? |
| Journal: | International Review of Financial Analysis
1998 : VOL. 6:3, p. 179-266 |
| Index terms: | CURRENCY EXCHANGE RATES PORTFOLIO MANAGEMENT CONVENIENCE FOODS |
| Language: | eng |
| Abstract: | Since 1986 The Economist annually computes exchange rate over- or undervaluation using the prices of McDonald's Big Mac hamburger in different currencies. In this article the authors test whether currency portfolios base on these so-called misalignments earned the German, the Japanese or the U.S. investor an excess return. The focus is deliberately on currency (or "cash") portfolios. |
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