Now showing items 1-10 of 1891
The Impact of Exchange Rate Regime on Interest Rates in Latin America
(Instituto de Economía, Pontificia Universidad Católica de Chile, 2010)
Taylor Rule’s accuracy in determining the countries short-term nominal interest rate
(Universidad del Zulia, 2020)
Deviations from covered interest parity: the role played by fundamentals, financial and political turmoils and market frictions
Recent works for mature markets on covered interest parity suggest that deviations are mean reverting but persistent particularly after 2008 crisis (Du et al., 2018). Our study aims to contribute to the literature by ...
Comparing equilibrium real interest rates : different approaches to measure Brazilian rates
(Escola de Pós-Graduação em Economia da FGV, 2006-03-24)
Despite the difficulties involved in the precise determination of equilibrium real interest rates, it seems clear that nominal interest rates has been higher in Brazil than in similar emerging economies. This paper aims ...
The determination of the exchange rate: a new-developmental approach
This paper discusses the long-term determination of the exchange rate, given that it may remain depreciated or overvalued for some time. It defines the equilibrium exchange rate and the competitive exchange rate; the latter ...
An Empirical Econometric Model for the Mexican Target Rate and its application to determine the Interest Rate Curve
(Instituto Tecnológico y de Estudios Superiores de Monterrey, 2020)
The term structure of interest rates is an extremely important subject in Finance. The rates’ value influences the pricing of practically any asset, and it is also important to determine the value of several liabilities. ...
Deviations from the covered interest parity: The role of fundamentals, financial and political turmoil, and market frictions
(Lociedade Brasileira de Finanças, 2021)
The Brazilian experience in managing interest-exchange rate nexus
The interest-exchange rate nexus has been the paramount determinant of the course of the exchange rate in contemporary Brazil through the operation of carry trade which has different forms, all related to the interest rate ...
A demographic headwind: Will an aging society reduce the real interest rate and potential growth?
(Elsevier B.V., 2020-10-01)
Is secular stagnation a necessary result of population aging? This paper argues that demographic change itself is not enough to generate both slower economic growth and a lower real interest rate in an endogenous growth ...