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Exchange rate economics : the uncovered interest parity puzzle and other anomalies

Author: Norman C Miller
Publisher: Cheltenham, UK : Edward Elgar, [2014] ©2014
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
The Uncovered Interest Parity (UIP) puzzle has remained a moot point since it first circulated economic discourse in 1984 and, despite a number of attempts at a solution, the UIP puzzle and other anomalies in Exchange Rate Economics continue to perplex economic thought in international finanace. This fundamental book fills gaps in scholarly literature by amalgamating key discourse to generate synthesis models which  Read more...
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Document Type: Book
All Authors / Contributors: Norman C Miller
ISBN: 9781781006801 1781006806
OCLC Number: 893893877
Description: xiv, 202 pages : illustrations ; 25 cm
Contents: Major puzzles and anomalies --
Attempts to solve major puzzles --
The intertemporal approach to UIP --
Key features of the synthesis models --
Synthesis model I --
Synthesis model II --
More puzzles and solutions --
A UIP framework with regressive expectations --
Summary and future work.
Responsibility: Norman C. Miller, Professor of Economics, Farmer School of Business, Miami University, USA.
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Abstract:

The Uncovered Interest Parity (UIP) puzzle has remained a moot point since it first circulated economic discourse in 1984. Despite a number of attempts at a solution, the UIP puzzle and other  Read more...

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'In this impressive work, Norman Miller tackles a central - perhaps the central - puzzle in international finance: why it is that changes in exchange rates do not equalize returns across borders. In Read more...

 
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