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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Singh, Manmohan, 1964- (Autor), Banerjee, Abhisek (Autor)
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., ©2006.
Colección:IMF working paper ; WP/06/249.
Temas:
Interest rates > Developing countries > Econometric models.
Globalization > Developing countries > Econometric models.
Monetary policy > Developing countries > Econometric models.
Markets > Developing countries.
Interest rates > Developing countries.
Marchés (Économie politique) > Nouveaux pays industrialisés.
Taux d'intérêt > Nouveaux pays industrialisés.
Markets
Interest rates
Economic history
Interest rates > Econometric models
Monetary policy > Econometric models
Developing countries > Economic conditions.
Nouveaux pays industrialisés > Conditions économiques.
Developing countries
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. DATA AND GRAPHICAL ANALYSIS
  • III. METHODOLOGY
  • IV. EMPIRICAL RESULTS
  • V. CONCLUSION AND POLICY ISSUES
  • References

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