| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5083719 | International Review of Economics & Finance | 2013 | 12 Pages |
Abstract
⺠We investigate asymmetric UIP using a large number of bilateral exchange rates. ⺠Bilateral UIP holds well in short-term, and it becomes weaker in longer maturities. ⺠Bilateral UIP slope estimates are less negative than those of US dollar UIP slope. ⺠Key currency Bias: UIP slope estimates are more negative for key currencies. ⺠UIP is asymmetric among key currencies depending on the state of forward premium.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Byung-Joo Lee,