Exchange Rates and Interest Parity

No 19336, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: F31 F41 G15 (search for similar items in EconPapers)
Date: 2013-08
New Economics Papers: this item is included in nep-cba, nep-mon and nep-opm
Note: IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Published as Handbook of International Economics Volume 4, 2014, Pages 453–522 Handbook of International Economics Cover image Chapter 8 – Exchange Rates and Interest Parity ☆ Charles Engel

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