Co-Movements in Long-Term Interest Rates and the Role of PPP-Based Exchange Rate Expectations /

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 ac...

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Bibliographic Details
Main Author: Knot, Klaas
Other Authors: Berk, Jan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1999/081
Online Access:Full text available on IMF

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