Real interest rate parity: Decomposition of financial and comercial components in the case of Colombia

The concept of interest rate parity is here revisited, emphasizing the different results that are obtained when the analysis is made either using a nominal interest rate difference, adjusted by the actual or expected rate of depreciation, or using a real interest rate difference. The results vary ac...

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Detalhes bibliográficos
Autor: Clavijo, Sergio
Formato: artículo
Estado:Versión publicada
Fecha de publicación:1996
País:México
Recursos:EL COLEGIO DE MÉXICO
Repositorio:Estudios Económicos de El Colegio de México
Idioma:inglés
OAI Identifier:oai:oai.estudioseconomicos.colmex.mx:article/259
Acesso em linha:https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/259
Access Level:acceso abierto
Palavra-chave:interest rate
international parity
tasas de interés
paridad internacional
Descrição
Resumo:The concept of interest rate parity is here revisited, emphasizing the different results that are obtained when the analysis is made either using a nominal interest rate difference, adjusted by the actual or expected rate of depreciation, or using a real interest rate difference. The results vary according to deviations from "purchasing power parity".