Kugler, Peter; Weder di Mauro, Beatrice - C.E.P.R. Discussion Papers - 2005
It is well known that the uncovered interest rate parity fails in the short run but usually holds in the long run. This paper analyses the long and short run interest rate parity of 10 major OECD currencies and finds that there is a long run failure of the uncovered interest rate parity...
