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|c 5.00 USD
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|z 9781451856163
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|a 1018-5941
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|c BD-DhAAL
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|a Nadal De Simone, Francisco.
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|a Nominal Exchange Rates and Nominal Interest Rate Differentials /
|c Francisco Nadal De Simone, Weshah Razzak.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1999.
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|a 1 online resource (41 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 reexamines some unsettled theoretical and empirical issues regarding the relationship between nominal exchange rates and interest rate differentials and provides a model for the behavior of exchange rates in the long run, where interest rates are determined in the bond market. The model predicts that an increase in the interest rate differential appreciates the home currency. We test the model for the U.S. dollar against the Deutsche mark, the British pound, the Japanese yen, and the Canadian dollar. The first two pairs of exchange rates-for which purchasing power parity seems to hold-display a strong relationship with interest rate differentials.
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|a Mode of access: Internet
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|a Razzak, Weshah.
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|a IMF Working Papers; Working Paper ;
|v No. 1999/141
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1999/141/001.1999.issue-141-en.xml
|z IMF e-Library
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