Interest rate parity is the fundamental equation that governs the relationship between interest rates and currency exchange rates for different countries. It is a theory in which the interest rate ...

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We study the behavior of Covered Interest Parity (CIP) deviations – aka the CIP basis - in Emerging Markets (EM). A major challenge in computing the CIP basis in EM’s lies in measuring local currency ...

The Alternative Mortgage Transaction Parity Act of 1982 ... included adjustable-rate mortgages (ARMS), option ARMS, interest-rate-only mortgages, and balloon payment mortgages.