Mollick, André; Assefa, Tibebe - In: Journal of Economics and Finance 37 (2013) 3, pp. 402-423
Using monthly data from 1986 to 2009 for 11 major currencies against the U.S. dollar (USD), we find that interest rate differentials between nine of these currencies are generally positive (sample mean of 0.86%) but are strongly negative for Japan (mean of −2.78%) and for Switzerland (mean of...