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 ...
Central bank kept the benchmark interest rate at between 4.25 percent and 4.5 percent marking its second straight pause to ...
The euro’s sharp fall after Donald Trump’s November US presidential election victory to below $1.02 early last month meant parity with ... After Thursday’s interest rate cut, traders are ...
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