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CAPITAL CONTROLS AND DEVIATIONS FROM PROPOSED INTEREST RATE PARITY; MEXICO 1982

โœ Scribed by MARK M. Spiegel


Book ID
115202730
Publisher
Oxford University Press
Year
1990
Tongue
English
Weight
389 KB
Volume
28
Category
Article
ISSN
0095-2583

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Significant deviations from covered interest parity were observed during the financial crisis of 2007-2009. This paper finds that before the failure of Lehman Brothers market-wide funding liquidity risk was the main determinant of these deviations measured by swap-implied US dollar (USD) interest ra