Muhammad Omer; Jakob de Haan; Bert Scholtens
(© Lahore School of Economics, Volume 24;No.2, 2019)
This paper tests Uncovered Interest Rate Parity (UIP) using LIBOR rates for six major international currencies for the period January 2001 to December 2008. We find that UIP generally holds over a short-term (above 5-months) ...