Durčáková, Jaroslava; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2005 (2005) 3, pp. 291-304
The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of uncovered interest rate parity is based on an ex ante view and...
