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|z 9781451847017
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Isard, Peter.
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|a Uncovered Interest Parity /
|c Peter Isard.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1991.
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|a 1 online resource (12 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 note provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod and continuous time models of open economies, and although its validity is strongly challenged by the empirical evidence, its retention in macroeconomic models is supported on pragmatic grounds, at least for the time being, by the lack of much empirical support for existing models of the exchange risk premium.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1991/051
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1991/051/001.1991.issue-051-en.xml
|z IMF e-Library
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