11 research outputs found
Combination of Serological Markers to Predict the Presence or Absence of Viremia in HCVSeropositive Blood Donors
Urban structures and daily mobility patterns in a city of long distances—the case of Muscat/Oman
Synthesis and Biological Evaluation of Novel Paclitaxel (Taxol) D-Ring Modified Analogues
Monitoring of Paclitaxel, Taxine B and 10-Deacethylbaccatin III in Taxus baccata L. by Nano LC–FTMS and NMR Spectroscopy
Multidisciplinary approach to improve spontaneous ADR reporting in the pediatric outpatient setting: a single-institute experience in Korea
Covered Interest Arbitrage: Then versus Now
We introduce a new weekly database of spot and forward US-UK exchange rates and interest rates to examine the integration of forward exchange markets during the classical Gold Standard period (1880-1914). Using threshold autoregressions (TARs), we estimate the transaction cost band of covered interest differentials (CIDs) and compare our results with studies of more recent periods. We find that CIDs for the US-UK rate were generally largest during the classical Gold Standard. We argue that slower information and communications technology during the Gold Standard period led to fewer short-term financial flows, higher transaction costs and larger CIDs. Copyright (c) The London School of Economics and Political Science 2006.