Ito, Takatoshi - National Bureau of Economic Research (NBER) - 1983
This paper examines covered interest parity between Yen-denominated and dollar-denominated assets: Euro-yen and Euro …, in Japan. According to our measure, covered interest parity has been holding, as theory predicts, in the Euro market … since 1977.The Euro-Yen market must have been thin to have caused violations toparity in 1975 and 1976. Capital controls …