Navigating interest differentials: yen carry trade mechanisms and corporate financing decisions
Spizzichino, Samuel (A.A. 2024/2025) Navigating interest differentials: yen carry trade mechanisms and corporate financing decisions. Tesi di Laurea in Corporate finance, Luiss Guido Carli, relatore Andrea Polo, pp. 48. [Bachelor's Degree Thesis]
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Abstract/Index
The carry trade and its theoretical framework. Introduction to the carry trade. Definition and theoretical background. Corporate finance implications. How carry trade strategies impact corporate financing decisions. Case study. Real-world illustration: Petrobras and carry trade-driven financing. The mechanics of the yen carry trade. How the yen carry trade works. The attractiveness of the yen as a funding currency: analysis of Japan’s low-interest rate environment. International financing strategies. Case study: Vodafone’s samurai bond strategy. Global financial market impacts. Impact on bond and equity market. Implications for foreign exchange markets. Risks and financial instability: examination of the risks associated with large-scale trade operations. Carry trade and speculative bubbles. The current state and future of the yen carry trade. Immediate market reactions to boj rate hike. Specific focus on corporate debt costs. Conclusion and policy implication.
References
Bibliografia: pp. 45-48.
| Thesis Type: | Bachelor's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Business, English language (L-33) |
| Chair: | Corporate finance |
| Thesis Supervisor: | Polo, Andrea |
| Academic Year: | 2024/2025 |
| Session: | Summer |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 13 Nov 2025 08:16 |
| Last Modified: | 13 Nov 2025 08:16 |
| URI: | https://tesi.luiss.it/id/eprint/43794 |
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