Wohar, Mark E.; Balke, Nathan S. - In: Empirical Economics 23 (1998) 4, pp. 535-559
This paper examines the dynamics of deviations from covered interest parity using daily data on the UK/US spot, forward exchange rates and interest rates over the period January 1974 to September 1993. Like other studies we find a substantial number of instances during the sample in which the...