Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10005332084
Using a large, previously unexplored data set of survey-based interest rate forecasts that covers a broad range of countries, this paper re-examines the expectations hypothesis of the term structure of interest rates. We find that survey-based interest rate forecasts outperform not only a random...
Persistent link: https://www.econbiz.de/10009195004
One of the reasons for governments to employ capital controls is to obtain some degree of monetary independence. In this paper we test whether capital controls can reduce the link between exchange rates fluctuations and cross border interest differentials. Recent capital control proxies are used...
Persistent link: https://www.econbiz.de/10010665906
Persistent link: https://www.econbiz.de/10005397491