Leonie Bräuer
Léman
Verfügbarkeitsdatum
            
                01.09.2026
                    
            
        Betreuer der Diplomarbeit
            
                Harald Hau
                    
            
        Research Interests
Asset Pricing and International Finance
Sprachen
            
                English, French, German
                    
                                    
        Motivationsschreiben
I study foreign exchange currency hedging by global investors and show that (1) it strongly correlates with exchange rates, (2) it is often employed sub optimally by funds and fails to reduce fund-level volatility significantly and (3) it reveals exchange rate expectations that align with survey expectations, are rational and highly heterogenous.