The carry trade is the attempt to take advantage of deviations from uncovered interest parity (UIP). UIP asserts that, given the free flow of capital, the expected change in an exchange rate over a specific period should be equal to the interest rate differential for...
CITATION STYLE
Hayward, R., & Hölscher, J. (2014). UIP, the Carry Trade and Minsky’s Financial Instability Hypothesis in the CEE and CIS. In Poland and the Eurozone (pp. 111–138). Palgrave Macmillan UK. https://doi.org/10.1057/9781137426413_7
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