Uncovered interest parity / prepared by Peter Isard.

This paper provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses different interpretations of the evidence and the implications for macroeconomi...

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Bibliographic Details
Main Author: Isard, Peter (Author)
Corporate Authors: International Monetary Fund, IMF Institute
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006.
Series:IMF working paper ; WP/06/96.
Subjects:
Online Access:Click for online access

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245 1 0 |a Uncovered interest parity /  |c prepared by Peter Isard. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, IMF Institute,  |c 2006. 
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490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/06/96 
504 |a Includes bibliographical references. 
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520 |a This paper provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses different interpretations of the evidence and the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod models of open economies, and although its validity is strongly challenged by the empirical evidence, at least at short time horizons, its retention in macroeconomic models is supported on pragmatic grounds by the lack of much empirical support for existing models of the exchange risk premium. 
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533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2011  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
546 |a English. 
650 0 |a Interest rates  |x Mathematical models. 
650 0 |a Foreign exchange rates  |x Mathematical models. 
650 7 |a Foreign exchange rates  |x Mathematical models  |2 fast 
650 7 |a Interest rates  |x Mathematical models  |2 fast 
710 2 |a International Monetary Fund. 
710 2 |a IMF Institute. 
776 0 8 |i Print version:  |a Isard, Peter.  |t Uncovered interest parity.  |d [Washington, D.C.] : International Monetary Fund, IMF Institute, 2006  |w (OCoLC)70128170 
830 0 |a IMF working paper ;  |v WP/06/96. 
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