Extrait
Table of contents
List of figures
List of tables
List of symbols
1 Introduction
2 Theoretical Framework
2.1 Uncovered Interest Parity
2.2 The Forward Premium Puzzle
3 Testing of UIP
3.1 Data
3.2 Regression equation and excess return formula
3.3 Results and analysis
4 Discussion of recent findings in literature
4.1 Approaches to explain a violation of UIP
4.1.1 Explanation by risk premium and peso problems
4.1.2 Explanation by irrationality
4.1.3 Explanation by learning problems and market inefficiency
4.2 Approaches to explain a partial holding of UIP
4.2.1 Developed and emerging markets
4.2.2 Short term and long term maturities
5 Consequences of recent innovations in the foreign exchange market
6 Conclusion
7 Bibliography
Appendix
Fin de l'extrait de 60 pages
- Citation du texte
- Torsten Abendroth (Auteur), 2016, Uncovered Interest Parity and Carry Trades, Munich, GRIN Verlag, https://www.grin.com/document/351449
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