TOKAT, Ekin; MURAT, Atılım; TOKAT, Hakkı Arda - In: Iktisat Isletme ve Finans 29 (2014) 335, pp. 23-44
Investors take the advantage of disequilibrium in spot and forward exchange markets by investing in higher yield currency on a covered basis. An alternative of covered interest arbitrage is uncovered interest arbitrage (UIA) in which investors choose to remain uncovered accepting the currency...