Flood, Robert P.; Rose, Andrew K. - In: IMF Staff Papers 49 (2002) 2, pp. 6-6
This paper tests for uncovered interest parity (UIP) using daily data for 23 developing and developed countries during the crisis-strewn 1990s. We find that UIP works better on average in the 1990s than in previous eras in the sense that the slope coefficient from a regression of exchange rate...