01691cas a2200253 a 4500 AALejournalIMF008044 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451874655 1018-5941 BD-DhAAL BD-DhAAL Rose, Andrew. Uncovered Interest Parity in Crisis : The Interest Rate Defense in the 1990s / Andrew Rose, Robert Flood. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (15 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper tests for uncovered interest parity (UIP) using daily data for 23 developing and developed countries through the crisis-strewn 1990s. We find that UIP works better on average in the 1990s than in previous eras in the sense that the slope coefficient from a regression of exchange rate changes on interest differentials yields a positive coefficient (which is sometimes insignificantly different from unity). UIP works systematically worse for fixed and flexible exchange rate countries than for crisis countries, but we find no significant differences between rich and poor countries. Mode of access: Internet Flood, Robert. IMF Working Papers; Working Paper ; No. 2001/207 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/207/001.2001.issue-207-en.xml IMF e-Library