Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data

Detalhes bibliográficos
Autor(a) principal: Carvalho, Jaimilton Vogado de
Data de Publicação: 2004
Outros Autores: Sachsida, Adolfo, Loureiro, Paulo Roberto Amorim, Moreira, Tito Belchior Silva
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UCB
Texto Completo: http://twingo.ucb.br:8080/jspui/handle/10869/421
https://repositorio.ucb.br:9443/jspui/handle/123456789/7524
Resumo: The aim of this study was to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the January 1990–December 2001 period, with the use of the rational expectation hypothesis.We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran and Shin (1997). The econometric results indicate the rejection of uncovered interest parity (UIP), for the period under study, for the group consisting of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group consisting of Argentina, Chile, and Mexico for the January 1991– December 2000 period.
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spelling Carvalho, Jaimilton Vogado deSachsida, AdolfoLoureiro, Paulo Roberto AmorimMoreira, Tito Belchior Silva2016-10-10T03:51:47Z2016-10-10T03:51:47Z2004CARVALHO, Jaimilton Vogado de. et al. Uncovered Interest Parity in Argentina, Brazil, Chile, and Mexico: A Unit Root Test Application with Panel Data. Review of urban and regional development studies, v. 16, n. 3, nov. 2004.http://twingo.ucb.br:8080/jspui/handle/10869/421https://repositorio.ucb.br:9443/jspui/handle/123456789/7524The aim of this study was to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the January 1990–December 2001 period, with the use of the rational expectation hypothesis.We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran and Shin (1997). The econometric results indicate the rejection of uncovered interest parity (UIP), for the period under study, for the group consisting of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group consisting of Argentina, Chile, and Mexico for the January 1991– December 2000 period.Made available in DSpace on 2016-10-10T03:51:47Z (GMT). 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dc.title.pt_BR.fl_str_mv Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
title Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
spellingShingle Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
Carvalho, Jaimilton Vogado de
title_short Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
title_full Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
title_fullStr Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
title_full_unstemmed Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
title_sort Uncovered interest parity in Argentina, Brazil, Chile, and Mexico: A unit root test application with panel data
author Carvalho, Jaimilton Vogado de
author_facet Carvalho, Jaimilton Vogado de
Sachsida, Adolfo
Loureiro, Paulo Roberto Amorim
Moreira, Tito Belchior Silva
author_role author
author2 Sachsida, Adolfo
Loureiro, Paulo Roberto Amorim
Moreira, Tito Belchior Silva
author2_role author
author
author
dc.contributor.author.fl_str_mv Carvalho, Jaimilton Vogado de
Sachsida, Adolfo
Loureiro, Paulo Roberto Amorim
Moreira, Tito Belchior Silva
dc.description.abstract.por.fl_txt_mv The aim of this study was to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the January 1990–December 2001 period, with the use of the rational expectation hypothesis.We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran and Shin (1997). The econometric results indicate the rejection of uncovered interest parity (UIP), for the period under study, for the group consisting of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group consisting of Argentina, Chile, and Mexico for the January 1991– December 2000 period.
dc.description.version.pt_BR.fl_txt_mv Sim
dc.description.status.pt_BR.fl_txt_mv Publicado
description The aim of this study was to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the January 1990–December 2001 period, with the use of the rational expectation hypothesis.We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992), and Im, Pesaran and Shin (1997). The econometric results indicate the rejection of uncovered interest parity (UIP), for the period under study, for the group consisting of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group consisting of Argentina, Chile, and Mexico for the January 1991– December 2000 period.
publishDate 2004
dc.date.issued.fl_str_mv 2004
dc.date.accessioned.fl_str_mv 2016-10-10T03:51:47Z
dc.date.available.fl_str_mv 2016-10-10T03:51:47Z
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dc.identifier.citation.fl_str_mv CARVALHO, Jaimilton Vogado de. et al. Uncovered Interest Parity in Argentina, Brazil, Chile, and Mexico: A Unit Root Test Application with Panel Data. Review of urban and regional development studies, v. 16, n. 3, nov. 2004.
dc.identifier.uri.fl_str_mv http://twingo.ucb.br:8080/jspui/handle/10869/421
https://repositorio.ucb.br:9443/jspui/handle/123456789/7524
identifier_str_mv CARVALHO, Jaimilton Vogado de. et al. Uncovered Interest Parity in Argentina, Brazil, Chile, and Mexico: A Unit Root Test Application with Panel Data. Review of urban and regional development studies, v. 16, n. 3, nov. 2004.
url http://twingo.ucb.br:8080/jspui/handle/10869/421
https://repositorio.ucb.br:9443/jspui/handle/123456789/7524
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