Strong Sterling Pound and Weak European Currencies in the Crises: Evidence from Covered Interest Parity of Secured Rates

Shin-ichi Fukuda

NBER Working Paper No. 21938
Issued in January 2016

---- Acknowledgments ----

An earlier version of this paper was presented at the 25th TRIO conference in Tokyo on December 16-17 in 2015, the 2013 Surrey-Fordham conference in Guildford on November 2-3 in 2013 and the 2nd FEBS Conference in London on 7-8 June in 2012. We would like to thank Natasha Burns, Rasmus Fatum, Eiji Ogawa, and other participants for their useful comments. This work was supported by JSPS KAKENHI Grant Numbers 26285044 and 15K13003. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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