Exchange Rates and Interest Parity /
Engel, Charles.
Exchange Rates and Interest Parity / Charles Engel. - Cambridge, Mass. National Bureau of Economic Research 2013. - 1 online resource: illustrations (black and white); - NBER working paper series no. w19336 . - Working Paper Series (National Bureau of Economic Research) no. w19336. .
August 2013.
This paper surveys recent theoretical and empirical contributions on foreign exchange rate determination. The paper first considers monetary models under uncovered interest parity and rational expectations. Then the paper considers deviations from UIP/rational expectations: foreign exchange risk premium, private information, near-rational expectations, and peso problems.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Exchange Rates and Interest Parity / Charles Engel. - Cambridge, Mass. National Bureau of Economic Research 2013. - 1 online resource: illustrations (black and white); - NBER working paper series no. w19336 . - Working Paper Series (National Bureau of Economic Research) no. w19336. .
August 2013.
This paper surveys recent theoretical and empirical contributions on foreign exchange rate determination. The paper first considers monetary models under uncovered interest parity and rational expectations. Then the paper considers deviations from UIP/rational expectations: foreign exchange risk premium, private information, near-rational expectations, and peso problems.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.