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...
| 第一著者: | |
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| その他の著者: | , |
| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2006.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2006/136 |
| オンライン･アクセス: | Full text available on IMF |