Nonlinearity in Deviations From Uncovered Interest Parity : An Explanation of the Forward Bias Puzzle /
We provide empirical evidence that deviations from uncovered interest rate parity (UIP) display significant nonlinearities, consistent with theories based on transaction costs or limits to speculation. This evidence suggests that the forward bias documented in the literature may be less indicative o...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | , |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2006.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2006/136 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |