作者
C Emre Alper, Oya Pinar Ardic, Salih Fendoglu
发表日期
2009/2
来源
Journal of Economic Surveys
卷号
23
期号
1
页码范围
115-138
出版商
Blackwell Publishing Ltd
简介
Financial account liberalizations since the second half of the 1980s paved the way for the burgeoning literature that investigates foreign exchange market efficiency in emerging markets (EMs) via testing for the uncovered interest parity (UIP) condition. This paper is the first to provide a broad and critical survey on this recent literature. Specifically, we attempt to answer the following questions. First, are the EMs different from the developed economies in the context of the UIP condition? Second, to what extent can these differences contribute to the debate on the UIP literature? Third, what are the empirical challenges specific to the EMs in testing for the UIP condition?
引用总数
学术搜索中的文章
CE Alper, OP Ardic, S Fendoglu - Journal of Economic Surveys, 2009