LEADER 03781oam 22010574 450 001 9910972471103321 005 20250426110920.0 010 $a9786613823311 010 $a9781462356874 010 $a1462356877 010 $a9781452744094 010 $a1452744092 010 $a9781283101264 010 $a1283101262 010 $a9781451908909 010 $a1451908903 035 $a(CKB)3360000000443330 035 $a(SSID)ssj0001488166 035 $a(PQKBManifestationID)11864239 035 $a(PQKBTitleCode)TC0001488166 035 $a(PQKBWorkID)11430906 035 $a(PQKB)11242593 035 $a(MiAaPQ)EBC3014384 035 $a(IMF)WPIEE2006096 035 $a(IMF)WPIEA2006096 035 $aWPIEA2006096 035 $a(EXLCZ)993360000000443330 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aUncovered Interest Parity /$fPeter Isard 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (14 pages) 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781451863567 311 08$a145186356X 327 $aIntro -- Contents. 330 3 $aThis paper provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses different interpretations of the evidence and the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod models of open economies, and although its validity is strongly challenged by the empirical evidence, at least at short time horizons, its retention in macroeconomic models is supported on pragmatic grounds by the lack of much empirical support for existing models of the exchange risk premium. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/096 606 $aBanks and Banking$2imf 606 $aForeign Exchange$2imf 606 $aMoney and Monetary Policy$2imf 606 $aInterest Rates: Determination, Term Structure, and Effects$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aFinance$2imf 606 $aMonetary economics$2imf 606 $aInterest rate parity$2imf 606 $aSpot exchange rates$2imf 606 $aExchange rates$2imf 606 $aCurrencies$2imf 606 $aForward exchange rates$2imf 606 $aInterest rates$2imf 606 $aMoney$2imf 607 $aUnited Kingdom$2imf 615 7$aBanks and Banking 615 7$aForeign Exchange 615 7$aMoney and Monetary Policy 615 7$aInterest Rates: Determination, Term Structure, and Effects 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aCurrency 615 7$aForeign exchange 615 7$aFinance 615 7$aMonetary economics 615 7$aInterest rate parity 615 7$aSpot exchange rates 615 7$aExchange rates 615 7$aCurrencies 615 7$aForward exchange rates 615 7$aInterest rates 615 7$aMoney 700 $aIsard$b Peter$0238997 801 0$bDcWaIMF 906 $aBOOK 912 $a9910972471103321 996 $aUncovered Interest Parity$94371672 997 $aUNINA