Violation of interest-rate parity: a Polish example

Jerzy Przystawa and Marek Wolf

Physica A: Statistical Mechanics and its Applications, 2000, vol. 285, issue 1, 220-226

Abstract: The mechanism of the so-called “Bagsik Oscillator” is presented and discussed. In essence, it is a repeated exploitation of arbitrage opportunities that resulted from a marked departure from the interest-rate parity relationship between the local Polish currency and the western currencies.

Keywords: Interest-rate; Parity (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:285:y:2000:i:1:p:220-226

DOI: 10.1016/S0378-4371(00)00284-3

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