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Uncovering CIP Deviations in Emerging Markets: Distinctions, Determinants and Disconnect

Author/Editor: Eugenio M Cerutti, Haonan Zhou.

Release Date:February, 2023

We provide a systematic empirical treatment of short-term Covered Interest Parity (CIP) deviations for a large set of emerging market (EM) currencies. EM CIP deviations have much larger volatilities more...



Price: $20.00
Covered Interest Parity Deviations: Macrofinancial Determinants

Author/Editor: Eugenio M Cerutti, Maurice Obstfeld, Haonan Zhou.

Release Date:January, 2019

For about three decades until the Global Financial Crisis (GFC), Covered Interest Parity (CIP) appeared to hold quite closely—even as a broad macroeconomic relationship applying to daily or weekly more...



Price: $18.00
Cross-border Banking and the Circumvention of Macroprudential and Capital Control Measures

Author/Editor: Eugenio M Cerutti, Haonan Zhou.

Release Date:September, 2018

We analyze the joint impact of macroprudential and capital control measures on cross-border banking flows, while controlling for multidimensional aspects in lender-and-borrower-relationships (e.g., more...



Price: $18.00
The Global Banking Network: What is Behind the Increasing Regionalization Trend?

Author/Editor: Eugenio M Cerutti, Haonan Zhou.

Release Date:March, 2018

This paper analyses the nature of the increasing regionalization process in global banking. Despite the large decline in aggregate cross-border banking lending volumes, some parts of the more...



Price: $18.00
The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-globalization?

Author/Editor: Eugenio M Cerutti, Haonan Zhou.

Release Date:November, 2017

Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in the literature as a retreat in financial globalization. In this more...



Price: $18.00