Testing Real Interest Parity in Emerging Markets

The paper finds significant deviations between short-term emerging market real interest rates and world real interest rates primarily due to the inflationary expectations of the local investor base. We test for long-run real interest convergence in emerging markets using a time varying panel unit ro...

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Hlavní autori:	Banerjee, Abhisek, Singh, Manmohan
Médium:	E-kniha Kniha
Jazyk:	English
Vydavateľské údaje:	Washington International Monetary Fund 01.11.2006
Vydanie:	1
Predmet:	Adjustment Process Developing countries Econometric models Economic Models Foreign Investment Interest rates Pesaran's Cadf Test Real Interest Parity Real Interest Rates Short-term Local Emerging Market Debt Single Variables: Models with Panel Data Long-term Capital Movements International Investment Debt Short-term Capital Movements Single Equation Models Single Variables: Time-Series Models Current Account Adjustment
ISBN:	1451995407, 9781451909623, 1451865090, 9781451865097, 1451909624, 9781451995404
On-line prístup:	Získať plný text
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Intro -- Contents -- I. INTRODUCTION -- II. DATA AND GRAPHICAL ANALYSIS -- III. METHODOLOGY -- IV. EMPIRICAL RESULTS -- V. CONCLUSION AND POLICY ISSUES -- References