Related Books

Covered Interest Parity Deviations: Macrofinancial Determinants
Language: en
Pages: 36
Authors: Mr.Eugenio M Cerutti
Categories: Business & Economics
Type: BOOK - Published: 2019-01-16 - Publisher: International Monetary Fund

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For about three decades until the Global Financial Crisis (GFC), Covered Interest Parity (CIP) appeared to hold quite closely—even as a broad macroeconomic re
Covered Interest Parity Deviations
Language: en
Pages:
Authors: Eugenio Cerutti
Categories:
Type: BOOK - Published: 2019 - Publisher:

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What Do Deviations from Covered Interest Parity and Higher FX Hedging Costs Mean for Asia
Language: en
Pages: 35
Authors: Mr.Gee Hee Hong
Categories: Business & Economics
Type: BOOK - Published: 2019-08-02 - Publisher: International Monetary Fund

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Asian countries have high demand for U.S. dollars and are sensitive to U.S. dollar funding costs. An important, but often overlooked, component of these costs i
Foreign Currency Bank Funding and Global Factors
Language: en
Pages: 64
Authors: Signe Krogstrup
Categories: Business & Economics
Type: BOOK - Published: 2018-05-09 - Publisher: International Monetary Fund

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The literature on the drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role
Uncovering CIP Deviations in Emerging Markets: Distinctions, Determinants and Disconnect
Language: en
Pages: 49
Authors: Mr. Eugenio M Cerutti
Categories: Business & Economics
Type: BOOK - Published: 2023-02-10 - Publisher: International Monetary Fund

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We provide a systematic empirical treatment of short-term Covered Interest Parity (CIP) deviations for a large set of emerging market (EM) currencies. EM CIP de