Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83965
Authors: 
Minford, Patrick
Peel, David
Year of Publication: 
2005
Series/Report no.: 
Cardiff Economics Working Papers E2005/3
Abstract: 
The purpose in this letter is first to review briefly the empirical results on the relationship between real interest rates and real exchange rates; this empirical literature provides little support for the hypothesis of Roll that expected real interest rates are equal in general. Our second aim is to discuss the theoretical conditions that have to be met for his hypothesis to hold.
Subjects: 
Real interest rates
Real Exchange rates
Roll
JEL: 
F31
C22
C51
Document Type: 
Working Paper

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