03616oam 22009854 450 991081466450332120240410162454.01-4623-5687-71-4527-4409-21-283-10126-297866138233111-4519-0890-3(CKB)3360000000443330(SSID)ssj0001488166(PQKBManifestationID)11864239(PQKBTitleCode)TC0001488166(PQKBWorkID)11430906(PQKB)11242593(MiAaPQ)EBC3014384(IMF)WPIEE2006096(IMF)WPIEA2006096(EXLCZ)99336000000044333020020129d2006 uf 0engurcnu||||||||txtccrUncovered Interest Parity /Peter Isard1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (14 pages)IMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4518-6356-X Intro -- Contents.This paper provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses different interpretations of the evidence and the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod models of open economies, and although its validity is strongly challenged by the empirical evidence, at least at short time horizons, its retention in macroeconomic models is supported on pragmatic grounds by the lack of much empirical support for existing models of the exchange risk premium.IMF Working Papers; Working Paper ;No. 2006/096Banks and BankingimfForeign ExchangeimfMoney and Monetary PolicyimfInterest Rates: Determination, Term Structure, and EffectsimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfCurrencyimfForeign exchangeimfFinanceimfMonetary economicsimfInterest rate parityimfSpot exchange ratesimfExchange ratesimfCurrenciesimfForward exchange ratesimfInterest ratesimfMoneyimfUnited KingdomimfBanks and BankingForeign ExchangeMoney and Monetary PolicyInterest Rates: Determination, Term Structure, and EffectsMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsCurrencyForeign exchangeFinanceMonetary economicsInterest rate paritySpot exchange ratesExchange ratesCurrenciesForward exchange ratesInterest ratesMoneyIsard Peter238997DcWaIMFBOOK9910814664503321Uncovered Interest Parity4071918UNINA