dc.contributor.author |
Nirmali, H. |
|
dc.contributor.author |
Rajapakse, C. |
|
dc.date.accessioned |
2018-12-03T03:12:00Z |
|
dc.date.available |
2018-12-03T03:12:00Z |
|
dc.date.issued |
2017-03 |
|
dc.identifier.citation |
Nirmali, H., Rajapakse, C. (2017). "The LKRlJPY Rate and the UIP", Journal for Studies in Management and Planning, Vol.4 (7), pp. 31-43 |
en_US |
dc.identifier.issn |
2395-0463 |
|
dc.identifier.uri |
http://dr.lib.sjp.ac.lk/handle/123456789/7714 |
|
dc.description.abstract |
Attached |
en_US |
dc.description.abstract |
Of the main theories that explore
on Interest rates and exchange rates,
Uncovered Interest Rate Parity (UJP) states
that the interest rate difJerential is an
unbiased predictor. of the spot exchange
rate changes. The impact on investors is
that there would be no short term arbitrage
profits. Studies based on the relationship
between these two variables are rare fOr
developing countries like Sri Lanka.
Theretorc in order to bridge that gap
identilled through search fOr literature,
Autoregressive DistJibuted Lags method
was employed here to test the UIP. Monthly data on exchange rates and three
month risk Iiee interest rates with regard to
the selected major extemal trader, Japan fOr
the period tiom 2001-2014 were used for
this purpose. The findings reveal that UIP
does not hold in the short run but there is
evidence for UIP to hold in the long run fOr
Sri Lanka. |
|
dc.language.iso |
en |
en_US |
dc.publisher |
Pen2Print Edupedia Publications Pvt Ltd. |
en_US |
dc.subject |
Autoregressive Distributed Lags (ARDL) Model, Exchange Rates, Interest Rates, Uncovered Interest Rate Parity (UIP), Unit root tests. |
en_US |
dc.title |
The LKRlJPY Rate and the UIP |
en_US |
dc.type |
Article |
en_US |