Karfakis, Costas I; Parikh, Ashok - In: The Manchester School of Economic & Social Studies 62 (1994) 2, pp. 184-98
The objectives of this paper are to examine the nominal uncovered interest parity hypothesis for three major currencies against the U.S. dollar using the monthly data for the period 1974-89. Forward-looking expectations, interest rate differentials, and risk premia variables are used to test the...