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|c 5.00 USD
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|z 9781451850345
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Knot, Klaas.
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|a Co-Movements in Long-Term Interest Rates and the Role of PPP-Based Exchange Rate Expectations /
|c Klaas Knot, Jan Berk.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1999.
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|a 1 online resource (28 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper investigates international co-movement in bond yields by testing for uncovered interest parity (UIP). Existing work is supplemented by focusing on long instead of short-term interest rates and by employing exchange rate expectations derived from purchasing power parity (PPP) instead of actual outcomes. Among the major currencies during 1975-97, the paper does not find a further increase in co-movement beyond that associated with the wave of financial market liberalization in the early 1980s. Given the similarity between PPP-based UIP tests and those employing actual exchange rate outcomes, the value added of the former lies mainly with data availability.
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|a Mode of access: Internet
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|a Berk, Jan.
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|a IMF Working Papers; Working Paper ;
|v No. 1999/081
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1999/081/001.1999.issue-081-en.xml
|z IMF e-Library
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