Karahan, Özcan; Çolak, Olcay - In: International Journal of Economics and Financial Issues 2 (2012) 4, pp. 386-394
Most of the earlier empirical studies focusing on developed countries failed to give evidence in favor of the Uncovered Interest Rate Parity (UIP). After intensive financial liberalization processes and mostly preferred free exchange rate regimes, a new area of research starts to involve the...