Sökning: "Plashchynski Aleh"
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1. Black Market Premium, Case study: Republic of Belarus
D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomiSammanfattning : We extend the theory of uncovered interest rate parity to explain the black market premium. The theory is applied to different economic-monetary regimes in Belarus and tested through the estimation of a vector error-correction model (VECM) for the cointegrating relationship between black market prices, interest rate differentials and inflation differentials, using a newly created dataset. LÄS MER
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