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- W2020997044 abstract "Abstract This paper estimates uncovered interest parity (UIP) at long horizons using bilateral US dollar rates vis‐à‐vis mature economy and emerging market currencies. The paper finds support in favor of UIP for dollar rates vis‐à‐vis major mature economy currencies, but far less against emerging market currencies. There are also signs that political risk and the exchange risk premium help explain the empirical failure of UIP for these latter currencies. This suggests that whether UIP holds depends more on the currency than on the horizon." @default.
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- W2020997044 date "2009-10-27" @default.
- W2020997044 modified "2023-10-10" @default.
- W2020997044 title "Uncovered Interest Parity at Long Horizons: Evidence on Emerging Economies" @default.
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- W2020997044 doi "https://doi.org/10.1111/j.1467-9396.2008.00793.x" @default.
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