| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5092431 | Journal of Comparative Economics | 2012 | 19 Pages |
Abstract
⺠Deviations from uncovered interest parity are due to currency, convertibility and liquidity risk. ⺠Weekly data from Ukrainian and London Libor interbank markets are used. ⺠Exchange-rate-anchor stabilization policy eliminated the currency risk premium. ⺠The policy exacerbated the convertibility and liquidity premia in Ukraine. ⺠Decomposition of the contribution of policy, distortions and shocks in these premia.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Patrick Conway,