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Year of publication
Subject
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Zinsparität 2,010 Interest rate parity 2,007 Theorie 765 Theory 764 Wechselkurs 649 Exchange rate 640 Schätzung 479 Estimation 476 Welt 300 World 299 Kaufkraftparität 292 Purchasing power parity 292 Risikoprämie 292 Risk premium 291 Zinsstruktur 288 Yield curve 284 Currency derivative 277 Währungsderivat 277 USA 250 United States 247 Internationaler Finanzmarkt 229 International financial market 228 Geldpolitik 207 Monetary policy 203 US-Dollar 190 Realzins 188 US dollar 188 Zins 188 Real interest rate 185 Interest rate 183 Devisenmarkt 173 Foreign exchange market 173 EU-Staaten 161 EU countries 160 Großbritannien 152 United Kingdom 151 Währungsrisiko 140 Deutschland 139 Exchange rate risk 139 Currency speculation 138
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Online availability
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Free 791 Undetermined 314 CC license 12
Type of publication
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Book / Working Paper 1,104 Article 955 Other 3
Type of publication (narrower categories)
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Article in journal 861 Aufsatz in Zeitschrift 861 Working Paper 589 Arbeitspapier 579 Graue Literatur 573 Non-commercial literature 573 Aufsatz im Buch 70 Book section 70 Hochschulschrift 45 Thesis 38 Collection of articles written by one author 14 Sammlung 14 Bibliografie enthalten 12 Bibliography included 12 Collection of articles of several authors 4 Sammelwerk 4 Systematic review 4 Übersichtsarbeit 4 Amtsdruckschrift 3 Conference paper 3 Government document 3 Konferenzbeitrag 3 Lehrbuch 3 Textbook 3 Article 2 Aufsatzsammlung 2 Forschungsbericht 2 Reprint 2 Advisory report 1 Dissertation u.a. Prüfungsschriften 1 Einführung 1 Gutachten 1 Mehrbändiges Werk 1 Multi-volume publication 1 Nachschlagewerk 1 Reference book 1 Research Report 1 Rezension 1
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Language
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English 1,918 German 68 Undetermined 27 Spanish 21 French 12 Portuguese 5 Hungarian 4 Italian 4 Czech 2 Polish 2 Dutch 1 Russian 1
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Author
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Chinn, Menzie David 52 Cheung, Yin-Wong 38 Engel, Charles 20 Meredith, Guy 20 Du, Wenxin 19 Moosa, Imad A. 18 Fujii, Eiji 16 Burnside, Craig 15 Caporale, Guglielmo Maria 15 Hassan, Tarek A. 14 Holmes, Mark J. 14 Kugler, Peter 14 Garcia Pascual, Antonio 13 Schrimpf, Andreas 13 Bofinger, Peter 12 Chinn, Menzie D. 12 Herrmann, Sabine 12 Jochem, Axel 12 MacDonald, Ronald 12 Marston, Richard C. 12 Syrstad, Olav 12 Cerutti, Eugenio M. 11 Chang, Hsu-Ling 11 Eichenbaum, Martin S. 11 Kleshchelski, Isaac 11 Pesaran, M. Hashem 11 Ranaldo, Angelo 11 Rime, Dagfinn 11 Su, Chi-Wei 11 Zhou, Haonan 11 Baillie, Richard 10 Frankel, Jeffrey A. 10 Qian, Xingwang 10 Rebelo, Sérgio 10 Rose, Andrew 10 Bhatti, Razzaque H. 9 Chernov, Mikhail 9 Dreger, Christian 9 Guender, Alfred V. 9 Hsing, Yu 9
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Institution
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National Bureau of Economic Research 56 Economics Department, University of California-Santa Cruz (UCSC) 4 Norges Bank / Utredningsavdelingen 3 Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse 3 Centre for International Macroeconomics 2 Christian-Albrechts-Universität zu Kiel / Institut für Weltwirtschaft 2 Department of Economics, Texas Christian University 2 Federal Reserve Bank of San Francisco / Center for Pacific Basin Monetary and Economic Studies 2 Santa Cruz Institute for International Economics (SCIIE), University of California-Santa Cruz (UCSC) 2 University of Kent / Department of Economics 2 Australia Japan Research Centre 1 Australian National University / Faculty of Economics and Commerce 1 Banco Central de Costa Rica 1 Banco Central do Brasil 1 Bank for International Settlements (BIS) 1 Bank of Canada 1 Bank of Japan 1 C.E.P.R. Discussion Papers 1 CESifo 1 Center for Japan US Business and Economic Studies 1 Centre d'Etudes Prospectives d'Economie Mathématique Appliquées à la Planification <Paris> 1 Consiglio Nazionale delle Ricerche / Gruppo su Realismo delle Ipotesi in Economia 1 EconWPA 1 Escola de Pós-Graduação em Economia <Rio de Janeiro> 1 European Central Bank 1 European University Institute / Department of Economics 1 Europäisches Parlament / Generaldirektion Wissenschaft 1 Goethe-Universität Frankfurt am Main 1 Hong Kong Institute for Monetary Research (HKIMR), Government of Hong Kong 1 Institute of Business and Economic Research (IBER), Walter A. Haas School of Business 1 Internationaler Währungsfonds / Research Department 1 Internationaler Währungsfonds / Western Hemisphere Department 1 Kansantaloustieteen Laitos <Tampere> 1 Konjunkturforschungsstelle <Zürich> 1 Loughborough University / Department of Economics 1 Massachusetts Institute of Technology / Department of Economics 1 Motu Economic and Public Policy Research Trust 1 Nationalekonomiska Institutionen <Göteborg> 1 Shakai-Keizai-Kenkyūsho <Osaka> 1 Society for Economic Dynamics - SED 1
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Published in...
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Journal of international money and finance 65 NBER working paper series 55 Working paper / National Bureau of Economic Research, Inc. 43 NBER Working Paper 41 Journal of international financial markets, institutions & money 33 International review of economics & finance : IREF 30 Discussion paper / Centre for Economic Policy Research 26 IMF working papers 25 Discussion papers / CEPR 20 Economic modelling 20 IMF working paper 19 CESifo working papers 18 Working paper 18 Applied economics letters 16 Applied financial economics 16 Applied economics 14 Open economies review 14 International finance discussion papers 13 International journal of finance & economics : IJFE 13 Journal of international economics 13 Economics letters 12 Journal of banking & finance 12 Review of international economics 12 Working papers / Bank for International Settlements 11 International economic journal 10 Working paper series / European Central Bank 10 HKIMR working paper 9 International review of financial analysis 8 Journal of empirical finance 8 Journal of money, credit and banking : JMCB 8 Staff working papers / Bank of England 8 European economic review : EER 7 HWWA discussion paper 7 Journal of financial economics 7 Journal of policy modeling : JPMOD ; a social science forum of world issues 7 Research paper series / Swiss Finance Institute 7 SNB working papers 7 The empirical economics letters : a monthly international journal of economics 7 The review of financial studies 7 Arbeidsnotat / Norges Bank 6
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Source
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ECONIS (ZBW) 2,010 RePEc 33 EconStor 13 BASE 3 USB Cologne (EcoSocSci) 3
Showing 1 - 50 of 2,062
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Beyond rate parity : examining offer uniqueness and channel credibility in hotel pricing
Lee, Sung W.; Sharma, Amit - 2025
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Macro-economic determinants of the relationship between exchange rate and stock returns : a two-stage approach
Murthy, K. V. Bhanu; Singh, Amit Kumar; Aggarwal, Annu - In: International journal of economic policy in emerging … 21 (2025) 2, pp. 138-164
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UIP deviations in times of uncertainty : not all countries behave alike
Gole, Purva; Perego, Erica; Turcu, Camelia - 2024
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Connecting exchange rates to fundamentals under indeterminacy
Fujiwara, Ippei; Hirose, Yasuo - 2024
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Do professional forecasters follow uncovered interest rate parity?
Bürgi, Constantin; Song, Mengdi - 2024
Not according to our data. We use two data sets to test whether professional forecasters follow uncovered interest rate parity (UIP) when making their exchange rate predictions both based on point prediction and direction. We find that professional forecasters generally do not follow UIP across...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015065298
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The Chinese silver standard : parity, predictability, and (in)stability, 1912-1934
Li, Huachen; Nason, James Michael - 2024 - Revised in March 2025
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Does the interest parity puzzle hold for Central and Eastern European economies?
Da̜browski, Marek A.; Janus, Jakub - In: Open economies review 35 (2024) 3, pp. 421-456
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The Feldstein-Horioka Puzzle or Paradox after 44 years : a fallacy of composition
Horioka, Charles - In: The Japanese economic review : the journal of the … 75 (2024) 3, pp. 383-404
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Put-Call parities, absence of arbitrage opportunities, and nonlinear pricing rules
Bastianello, Lorenzo; Chateauneuf, Alain; Cornet, Bernard - In: Mathematical finance : an international journal of … 34 (2024) 4, pp. 1242-1262
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Covered interest parity: a forecasting approach to estimate the neutral band
Hernández, Juan R. - 2024
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Beyond carry: the prospective interest rate differential and currency excess returns
Dong, Mengmeng; Goto, Shingo; Hou, Kewei; Yan, Xu; … - 2024
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Global bank lending and exchange rates
Becker, Jonas; Schmeling, Maik; Schrimpf, Andreas - 2024
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Mutual funds and safe government bonds : do returns matter?
Graziano, Marco; Habib, Maurizio Michael - 2024
This paper investigates the sensitivity of the demand for safe government debt to currency unhedged and hedged excess returns in a sample of US mutual funds. We find evidence of active rebalancing towards government bonds that offer relatively higher returns on an unhedged basis, in particular...
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The Feldstein-Horioka puzzle or paradox after 44 Years : a fallacy of composition
Horioka, Charles - 2024
The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across countries despite the rapid globalization and liberalization of financial markets in recent decades has been regarded as a Puzzle or Paradox. However, in this paper, we show that...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014530303
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UIP deviations in times of uncertainty : not all countries behave alike
Gole, Purva; Perego, Erica; Turcu, Camelia - In: Economics letters 242 (2024), pp. 1-7
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A currency premium puzzle
Hassan, Tarek A.; Mertens, Thomas; Wang, Jingye - 2024
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Quantities and covered-interest parity
Moskowitz, Tobias J.; Ross, Chase P.; Ross, Sharon Y.; … - 2024
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The legal aspects of hotel rate parity
Bianchi, Giuliano; Chen, Yong - In: Tourism economics : the business and finance of tourism … 30 (2024) 5, pp. 1324-1329
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Hunting for dollars
Kloks, Pēteris; Mattille, Edouard; Ranaldo, Angelo - 2024
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Global banks and synthetic funding : the benefits of foreign relatives
Eguren-Martin, Fernando; Ossandon Busch, Matias; … - In: Journal of money, credit and banking : JMCB 56 (2024) 1, pp. 115-152
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An intermediation-based model of exchange rates
Malamud, Semyon; Schrimpf, Andreas; Zhang, Yuan - 2024 - This version: January 9, 2024
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Beyond co-integration : new tools for inference on co-movements
Abadir, Karim Maher; Talmain, Gabriel - 2024
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Monetary policy independence during reversal phases of domestic-foreign interest rate differentials
Kim, Kyunghun - In: East Asian economic review 28 (2024) 2, pp. 221-244
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Uncovered Interest Rate Parity Around Macroeconomic and (Geo)Political Events : Evidence from Time-Varying Granger Causality Tests
Korkos, Ioannis; Anderl, Christina - 2023
This paper applies novel time-varying Granger causality tests to the Uncovered Interest Rate Parity (UIP) relation for G10 currencies. In line with UIP, our findings indicate that long term interest rates Granger-cause exchange rates around periods of major macroeconomic and (geo)political events
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What Drives Central Bank Swap Lines Use?
Medlin, Aaron - 2023
Historically, currency swap lines between central banks were used to provide liquidity assistance to countries and as a means to influence exchange rates and offshore money market interest rates, such as the London interbank offered rate (LIBOR). Allen, Galati, Moessner, and Nelson (2017)...
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Do professional forecasters believe in uncovered interest rate parity?
Bürgi, Constantin; Song, Mengdi - 2023
No, not according to our data. Using a unique data set, we run panel regressions to test whether professional forecasters believe in uncovered interest rate parity (UIP). Specifically, we test whether the interest rate expectations for individual forecasters are in line with their exchange rate...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014427522
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China: central bank swaps to Argentina, 2014
Arnold, Vincient - In: The journal of financial crises 5 (2023) 1, pp. 158-188
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On the determination of the real exchange rate in free markets : do consumer risk-pooling and uncovered interest parity differ and fit?
Minford, Patrick; Ou, Zhirong; Zhu, Zheyi - 2023
We revisit the "puzzle" in open economy studies that evidence of international risk-sharing is hardly seen despite the completeness of the financial market. We reassess both risk-pooling via state-contingent bonds, and uncovered interest parity - both were believed to be different, and...
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Does the uncovered interest parity hold in Korea?
Hur, Joonyoung; Shin, Kwanho - 2023
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Uncovered interest rate, overshooting, and predictability reversal puzzles in an emerging economy
Kiliç, Rehim - 2023 - This draft: August 2023
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Foreign exchange intervention with UIP and CIP deviations : the case of small safe haven economies
Bacchetta, Philippe; Benhima, Kenza; Berthold, Brendan - 2023
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Do Divisia monetary aggregates help forecast exchange rates in a negative interest rate environment?
Molinas, Luis Antonio; Binner, Jane M.; Tong, Meng - In: The European journal of finance 29 (2023) 7, pp. 780-799
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In search of dominant drivers of the real exchange rate
Miyamoto, Wataru; Nguyen, Thuy Lan; Oh, Hyunseung - 2023
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Safe asset carry trade
Ballensiefen, Benedikt; Ranaldo, Angelo - In: Review of asset pricing studies : RAPS 13 (2023) 2, pp. 223-265
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Uncovering CIP Deviations in Emerging Markets: Distinctions, Determinants and Disconnect
Cerutti, Eugenio M. - 2023
We provide a systematic empirical treatment of short-term Covered Interest Parity (CIP) deviations for a large set of emerging market (EM) currencies. EM CIP deviations have much larger volatilities than most G10 currencies and move in an opposite direction during global risk-off episodes. While...
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Uncovering CIP Deviations in Emerging Markets : Distinctions, Determinants and Disconnect
Cerutti, Eugenio M.; Zhou, Haonan - 2023
We provide a systematic empirical treatment of short-term Covered Interest Parity (CIP) deviations for a large set of emerging market (EM) currencies. EM CIP deviations have much larger volatilities than most G10 currencies and move in an opposite direction during global risk-off episodes. While...
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The Development of Local Currency Bond Markets and Uncovered Interest Rate Parity
Park, Cyn-Young; Shin, Kwanho - 2023
This paper investigates whether the uncovered interest parity (UIP) will hold more firmly if the local currency bond markets (LCBMs) are more developed, and the presence of nonbank financial institutions (NBFIs) is expanded. Deviations in UIP decrease as LCBMs develop, while the patterns of the...
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An Unambiguous Statement of Interest Rate Parity
Pukthuanthong, Kuntara; Thomas III, Lee R. - 2023
Interest rate parity (IRP) states that the difference between the interest rates of two currencies equals the expected percentage change in the associated exchange rate. Unfortunately, IRP is ambiguous. There are two inconsistent values of the expected percentage change in the exchange rate,...
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The US Dollar and Covered Interest Rate Parity Deviations : Oil Price Channel
Iwuagwu, Chikaodinaka Azuka - 2023
In this paper, I analyze covered interest rate parity (CIP) deviations among thirteen (13) Emerging Market economies and the US dollar. Also, I document a new triangular connection formed by the US dollar, oil prices in US dollars, and CIP deviations. I find empirical evidence that a stronger...
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The Perfect Storm : Bank of Israel's Forex Interventions, Global Banks' Limited Risk-Bearing Capacity, Deviations from Covered Interest Parity, and the Impact on the USD/ILS Options Market
Hertrich, Markus; Nathan, Daniel - 2023
Using confidential daily foreign exchange interventions (FXI) data, we analyse the FXI episode of the Bank of Israel (BOI) from 2013 to 2019. We find that a purchase of US dollar (USD) 1 billion is on average associated with a depreciation of the Israeli new shekel (ILS) by 0.82%-0.83%, which is...
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An Unambiguous Statement of Interest Rate Parity
Pukthuanthong, Kuntara; thomas, lee - 2023
Interest rate parity (IRP) states that the difference between the interest rates of two currencies equals the expected percentage change in the associated exchange rate. Unfortunately, IRP is ambiguous. There are two inconsistent values of the expected percentage change in the exchange rate,...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014257974
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Exchange Rate Uncertainty and the Interest Rate Parity
Fernández, Julián - 2023
This paper studies the effect of exchange rate uncertainty on the deviations of Covered Interest Rate parity. I develop a method for estimating the daily uncertainty via endogenous factor clustering to determine the currency grouping and an optimal number of groups and general factors explaining...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014258291
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The development of local currency bond markets and uncovered interest rate parity
Park, Cyn-Young; Shin, Kwanho - 2023
This paper investigates whether the uncovered interest parity (UIP) will hold more firmly if the local currency bond markets (LCBMs) are more developed, and the presence of nonbank financial institutions (NBFIs) is expanded. Deviations in UIP decrease as LCBMs develop, while the patterns of the...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013540710
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Dollar shortages, CIP deviations, and the safe haven role of the dollar
Bacchetta, Philippe; Davis, Scott; Van Wincoop, Eric - 2023
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014483257
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Purchasing Power Parity and Uncovered Interest Parity Revisited : Evidence From G7 Exchange Rates Using a Dynamic Joint Model
Babaei, Hamid - 2023
This paper investigates purchasing power parity (PPP) between the G7 member countries after the advent of the Euro currency. A dynamic joint model of PPP and uncovered interest parity (UIP) is introduced to decompose the real exchange rate (RER) into two components. Interest rate differential...
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Deviations from Rational Expectations and the Uncovered Interest Rate Parity Puzzle
Mokanov, Denis - 2023
This paper documents a novel result regarding the uncovered interest rate parity (UIP) puzzle: investing in high interest rate currencies does not yield positive excess returns during recessions. That is, the UIP holds in bad times. This new finding is a challenge to existing rational...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014349896
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Currency Risk Premiums : A Multi-Horizon Perspective
Chernov, Mikhail; Dahlquist, Magnus - 2023
We review the literature on multi-horizon currency risk premiums. We show how the multi-horizon implications arise from the classic present-value relationship. We further show how these implications manifest themselves in the interaction between bond and currency risk premiums. This link is...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014349903
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4×4 Goal Parity
Golts, Maxim; Jones, Gregory C. - 2023
In the 4×4 Asset Allocation framework all assets and liabilities in any portfolio should be thought of as means contributing to the following four ends:• Liquidity maintenance: nominally safe and quickly accessible “cash-like” pool of assets,• Income generation: relatively regular,...
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Testing the Validity of Uncovered Interest Parity for BRICS Countries : A Dynamic OLS Approach
Wu, Yimin - 2023
The standard uncovered interest parity (UIP)—a logarithm version—is inappropriate for currencies with a high interest rate because the interest rate (i) does not satisfy the ln(1 + i) = i condition. Therefore, this study employs the precise form of UIP and evaluates its empirical validity...
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The impacts of global risk and US monetary policy on US Dollar exchange rates and excess currency returns
Bernoth, Kerstin; Herwartz, Helmut; Trienens, Lasse - 2023
We examine the causal relationship between US monetary policy shocks, exchange rates and currency excess returns for a sample of eight advanced countries over the period 1980M1 to 2022M11. We find that the dynamics of the US dollar exchange rate is the main driver of currency excess returns. The...
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