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Official interventions and occasional violations of uncovered interest parity in the dollar-DM market

Mark, Nelson C.; Moh, Young-kyu - 2003

Persistent link: https://www.econbiz.de/10001793376

A multinomial logit approach to exchange rate policy classification with an application to growth

Dubas, Justin M.; Lee, Byung-joo; Mark, Nelson C. - In: Journal of international money and finance 29 (2010) 7, pp. 1438-1462

Persistent link: https://www.econbiz.de/10009239663

Linkages between exchange rate policy and macroeconomic performance

Sokolov, Vladimir; Lee, Byung-joo; Mark, Nelson C. - In: Pacific economic review 16 (2011) 4, pp. 395-420

Persistent link: https://www.econbiz.de/10009376413

Official Interventions and Occasional Violations of Uncovered Interest Party in the Dollar-DM Market

Mark, Nelson - 2003

This paper presents a model of exchange rate determination in which the forward premium anomaly emerges as the result of unanticipated central bank interventions in the foreign exchange market. Deviations from uncovered interest parity (UIP) therefore represent neither unexploited profit...

Persistent link: https://www.econbiz.de/10012468749