search query: @indexterm International capital market / total: 53
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| Author: | Francis, B. B. Hasan, I. Hunter, D. M. |
| Title: | Emerging market liberalization and the impact on uncovered interest rate parity |
| Journal: | Journal of International Money and Finance
2002 : NOV, VOL. 21:6, p. 931-956 |
| Index terms: | International capital market Interest rates Econometric models Monetary integration Emerging markets |
| Language: | eng |
| Abstract: | The authors find that, in general, deviation from the uncovered interest rate parity in the emerging markets is systematic in nature and that a significant part of emerging market currency excess returns is attributable to a time-varying risk premium. They also find that these countries' currency deposits provide US (equity) investors with the benefits of international diversification. |
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