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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Ekaterina Nemtinova
Deviations from Covered Interest Rate Parity
Applied Economics
(Master’s programme)
7
2018
After the global financial crisis, permanent deviations from the covered interest parity were identified for a number of developed countries, both in the short term and long term. The researchers proposed various options for explaining this phenomenon, due to country specificities, but there are gaps in researches for developing countries. The present work is devoted to the issue of observing the condition of covered interest rate parity for Russia and the search for causes that affect the occurrence of deviations.The analysis showed that deviations are associated with the presence of credit risk, transaction costs and foreign exchange market risk. In addition, several variables selected specifically for Russia were tested and it was found that in the short term during the crisis of 2014, the volume of the ruble-dollar spot market had an impact on the expansion of deviations.

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