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Remote sensing --- Watersheds --- Rice fields --- Zone soudano-guineenne --- Cieh --- Image spot xs --- Traitement analogique --- Traitement numerique --- Burkina Faso --- Mali --- Zone soudano-guineenne --- Cieh --- Image spot xs --- Traitement analogique --- Traitement numerique

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This note provides an overview of the uncovered interest parity assumption. It traces the history of the interest parity concept, summarizes evidence on the empirical validity of uncovered interest parity, and discusses the implications for macroeconomic analysis. The uncovered interest parity assumption has been an important building block in multiperiod and continuous time models of open economies, and although its validity is strongly challenged by the empirical evidence, its retention in macroeconomic models is supported on pragmatic grounds, at least for the time being, by the lack of much empirical support for existing models of the exchange risk premium.

Banks and Banking --- Foreign Exchange --- Money and Monetary Policy --- Open Economy Macroeconomics --- Interest Rates: Determination, Term Structure, and Effects --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Currency --- Foreign exchange --- Finance --- Monetary economics --- Interest rate parity --- Spot exchange rates --- Currencies --- Forward exchange rates --- Exchange rates --- Interest rates --- Money