Uncovered interest parity and the USD/COP exchange rate

Borradores de Economia
Número: 
227
Publicado: 
Clasificación JEL: 
E00
Palabras clave: 
Uncovered, Interest Parity, Exchange Rate

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This paper tests the uncovered interest parity (UIP) hypothesis for the USD/COP exchange rate, using weekly data for the period from January 1994, when Colombia introduced its crawling band exchange rate regime, to August 2002. The study yields several in