Sökning: "Plashchynski Aleh"

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  1. 1. Black Market Premium, Case study: Republic of Belarus

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Författare :Plashchynski Aleh; Andreas Willgert; [2013]
    Nyckelord :Uncovered Interest Rate Parity UIP ; Republic of Belarus; Black Market Premium; VECM; Cointegration;

    Sammanfattning : 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