دانلود مقاله ISI انگلیسی شماره 103445
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
103445 2017 5 صفحه PDF سفارش دهید 3247 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Real interest parity: Evidence from trade partnerships
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Review of Financial Economics, Available online 6 October 2017

پیش نمایش مقاله
پیش نمایش مقاله

چکیده انگلیسی

This study investigates real interest parity (RIP) in trade partnerships, and whether RIP depends on the type of trade partnership, using short term interest rates and the Consumer Price Index (CPI) obtained from the Organization for Economic Cooperation and Development (OECD) database between 1975 and 2016. The investigation employs unit root and stationarity tests on interest rate differentials to study RIP between countries using Germany, United States, and Japan as base countries for selected countries in the European Union (EU), member countries of the North American Free Trade Agreement (NAFTA) and selected Asian countries respectively. The results show evidence in favor of RIP in the selected EU countries. The interest rate differentials of Belgium, France, Italy, Spain and the UK with respect to Germany confirms a long-run relationship and real interest rate parity. There is also evidence to support the RIP in the other trade partnerships. With the exception of Mexico, the interest rate differentials for all the countries are stationary, and each quickly reverts to its mean.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.