Do Exchange Rates Move in Line With Uncovered Interest Parity?

According to uncovered interest rate Parity (UIP), the expected relative change in an exchange rate is equal to the difference between interest rates between the two currencies. Empirically, UIP is frequently rejected. In this paper, we examine whether exchange rates have at least any tendency to move in the direction predicted by UIP and whether exchange rates tend to move more in line with UIP in periods with large interest rate differentials

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Year of publication:	[2013]
Authors:	Huisman, Ronald
Other Persons:	Mahieu, Ronald (contributor) ; Mulder, Arjen (contributor)
Publisher:	[2013]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (7 p)
Series:	ERIM Report Series Reference ; No. ERS-2007-012-F&A
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2007 erstellt
Other identifiers:	10.2139/ssrn.954543 [DOI]
Classification:	F31 - Foreign Exchange
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012711558