We study the behavior of Covered Interest Parity (CIP) deviations – aka the CIP basis - in Emerging Markets (EM). A major challenge in computing the CIP basis in EM’s lies in measuring local currency ...

Interest rates affect many of Americans’ financial moves, yet you might not really know how they work. You’re probably most familiar with interest rates as the figure that makes your credit card bills ...

Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' borrowing and investment choices. The nominal interest rate ...

Learn what "Dear Money" means, how high-interest rates make borrowing expensive, and why central banks’ policies affect money supply and economic growth.