A Reconsideration of the Uncovered Interest Parity Relationship
收藏NBER1992-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4113
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The paper first presents reasons for viewing the uncovered interest-parity (VIP) relationship as more important, in terms of economic analysis, than the unbiasedness of forward rates as predictors of future spot exchange rates. The two hypotheses are closely related, so that test rejections of the
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美国国家经济研究局创建时间：
1992-07-01
