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5NBER20131220132135.0131220s2002 mau||||fs|||| 000 0 eng d1
aBekaert, Geert.10aUncovered Interest Rate Parity and the
Term Structureh[electronic resource] /cGeert Bekaert, Min Wei,
Yuhang Xing. aCambridge, Mass.bNational Bureau of Economic
Researchc2002.1 aNBER working paper seriesvno. w8795
aFebruary 2002.3 aThis paper examines uncovered interest rate
parity (UIRP) and the expectations hypotheses of the term
structure (EHTS) at both short and long horizons. The
statistical evidence against UIRP is mixed and is currency- not
horizon-dependent. Economically, the deviations from UIRP are
less pronounced than previously documented. The evidence against
the EHTS is statistically more uniform, but, economically,
actual spreads and theoretical