EXCHANGE RATES AND VOLATILITY IN CENTRAL AND EASTERN EUROPE: A TEST FOR UNCOVERED INTEREST PARITY

Alexandra Lavinia Horobet (), Sorin-Adrian Dumitrescu () and Dan-Gabriel Dumitrescu ()
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Alexandra Lavinia Horobet: Academy of Economic Studies Bucharest, Faculty of International Business and Economics
Sorin-Adrian Dumitrescu: Academy of Economic Studies Bucharest, Faculty of International Business and Economics
Dan-Gabriel Dumitrescu: Academy of Economic Studies Bucharest, Faculty of International Business and Economics

Annals of Faculty of Economics, 2009, vol. 3, issue 1, 552-557

Abstract: At times of heightened global capital market volatility, high-yielding currencies tend to depreciate, while low-yielding currencies tend to serve as a€ssafe heavena€t. We present the results of a test for Uncovered Interest Parity for selected European cu

Keywords: Exchange rates; Volatility; Central and Eastern Europe; Uncovered interest parity; Financial crisis (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:3:y:2009:i:1:p:552-557

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