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Exchange Rates and Interest Parity

Charles Engel ()

Chapter Chapter 8 in Handbook of International Economics, 2014, vol. 4, pp 453-522 from Elsevier

Abstract: This chapter surveys recent theoretical and empirical contributions on foreign exchange rate determination. The chapter first examines monetary models under uncovered interest parity and rational expectations, and then considers deviations from UIP/rational expectations: foreign exchange risk premium, private information, near-rational expectations, and peso problems.

Keywords: Exchange rates; Uncovered interest parity; Foreign exchange risk premium (search for similar items in EconPapers)
JEL-codes: F31 F41 (search for similar items in EconPapers)
Date: 2014
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Working Paper: Exchange Rates and Interest Parity (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:intchp:4-453

DOI: 10.1016/B978-0-444-54314-1.00008-2

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