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UNCOVERED INTEREST PARITY HYPOTHESIS FOR MAJOR CURRENCIES

✍ Scribed by COSTAS I. KARFAKIS; ASHOK PARIKH


Book ID
111042450
Publisher
John Wiley and Sons
Year
1994
Tongue
English
Weight
693 KB
Volume
62
Category
Article
ISSN
1463-6786

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## Abstract This paper combines policy response explanations of the uncovered interest parity puzzle with a time series approach that accounts for discrete central bank interventions. When monetary authorities manage the interest rate differential through an anti‐inflationary policy rule, which all