{"id":3081,"date":"2017-06-26T23:08:09","date_gmt":"2017-06-26T21:08:09","guid":{"rendered":"http:\/\/www.rsijournal.eu\/?p=3081"},"modified":"2017-06-26T21:33:00","modified_gmt":"2017-06-26T19:33:00","slug":"the-uncoverd-interest-parity-puzzle-uip-evidence-from-major-currencies","status":"publish","type":"post","link":"https:\/\/rsijournal.eu\/?p=3081","title":{"rendered":"THE UNCOVERD INTEREST PARITY PUZZLE (UIP): EVIDENCE FROM MAJOR CURRENCIES"},"content":{"rendered":"<h2>Athanasios PETSAS<\/h2>\n<h3>MSc. Hellenic Open University<\/h3>\n<h3>apetsa@tee.gr<\/h3>\n<h2>Theodoros PELAGIDIS<\/h2>\n<h3>Professor, University  of Piraeus &amp; NR Senior Fellow, Brookings Institution, US. 21, Lambraki str., GR-18533<\/h3>\n<h3>pelagidi@unipi.gr<\/h3>\n<p><strong>Abstract<\/strong><\/p>\n<p>This paper investigates empirically the Uncovered Interest Parity puzzle, highlighting the weak relationship between exchange rates and interest rates in particular, using data for the exchange and interest rates from four countries, in different time horizons, running from 3 to 60 months. The analysis in particular focuses on the deviations from rational expectations as a possible explanation of the UIP puzzle.<\/p>\n<p><strong>Keywords:<\/strong> UIP, PPP, Exchange rates<\/p>\n<p><strong>JEL classification:<\/strong> F41, Macro focus<\/p>\n<p><em><a href=\"http:\/\/www.rsijournal.eu\/ARTICLES\/June_2017\/10.pdf\" target=\"_blank\">read more<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Athanasios PETSAS MSc. Hellenic Open University apetsa@tee.gr Theodoros PELAGIDIS Professor, University of Piraeus &amp; NR Senior Fellow, Brookings Institution, US. 21, Lambraki str., GR-18533 pelagidi@unipi.gr Abstract This paper investigates empirically the Uncovered Interest Parity puzzle, highlighting the weak relationship between exchange rates and interest rates in particular, using data for the exchange and interest rates&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181],"tags":[448,449,450,447,446],"class_list":["post-3081","post","type-post","status-publish","format-standard","hentry","category-published","tag-exchange-rates","tag-f41","tag-macro-focus","tag-ppp","tag-uip"],"_links":{"self":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3081"}],"version-history":[{"count":1,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3081\/revisions"}],"predecessor-version":[{"id":3082,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=\/wp\/v2\/posts\/3081\/revisions\/3082"}],"wp:attachment":[{"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rsijournal.eu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}