Testing Real Interest Parity in Emerging Markets /
The paper finds significant deviations between short-term emerging market real interest rates and world real interest rates primarily due to the inflationary expectations of the local investor base. We test for long-run real interest convergence in emerging markets using a time varying panel unit ro...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2006/249 |
| Онлайн доступ: | Full text available on IMF |