Price-based Measurement of Financial Globalization: A Cross-Country Study
of Interest Rate Parity
Show full item record
File(s):
- Author(s)
-
Ito, Hiro; Chinn, Menzie D.
- Date
- 2007
- Series
- La Follette School Working Papers
- Abstract
- The authors characterize the relationship between ex post exchange rate depreciation and
the interest differential for a set of countries that spans developed and emerging market
economies. The measured ex post uncovered interest differentials in terms of both levels and
absolute values are then related to measures of trade and financial openness, financial
development, government budget balances, institutional development, and exchange rate
regimes. They find wide diversity in the coefficient relating depreciations and
interest differentials.
- Permanent link
-
http://digital.library.wisc.edu/1793/36232
- Export
-
Export to RefWorks
Part of
Show full item record