Search Results - subject:"Uncovered parity"

Components of the Czech Koruna Risk Premium in a Multiple-Dealer FX Market

Derviz, Alexis - Česká Národní Banka - 2003

The paper proposes a continuous time model of an FX market organized as a multiple dealership. The model reflects a number of salient features of the Czech koruna spot market. The dealers have costly access to the best available quotes. They interpret signals from the joint dealer-customer order...

Persistent link: https://www.econbiz.de/10005405566

The uncovered parity properties of the czech koruna

Derviz, Alexis - In: Prague Economic Papers 2002 (2002) 1

The paper studies the compliance of the CZK - EUR exchange rate with the uncovered parity of returns on assets … is shown that the uncovered parity of total returns, and not of short-term money market rates, is a natural outcome of …

Persistent link: https://www.econbiz.de/10005051812

Generalized Asset Return Parity and the Exchange Rate in a Finnancially open Economy

Derviz, Alexis - Česká Národní Banka - 1999

-theoretical foundation of the uncovered parity condition should be formulated in terms of secondary market yields on long-term instruments …

Persistent link: https://www.econbiz.de/10010593768

Generalized Asset Return Parity And The Exchange Rate In A Financially Open Economy

Derviz, Alexis - In: Bulletin of the Czech Econometric Society 6 (1999)

decision-theoretical foundation of the uncovered parity condition should be formulated in terms of secondary market yields on …

Persistent link: https://www.econbiz.de/10008540590