Most of the earlier empirical studies focusing on developed countries failed to give evidence in favor of the Uncovered Interest Rate Parity (UIP). After intensive financial liberalization processes and mostly preferred ...

In the beginning of financial liberalization policies, it is generally argued that capital inflows can provide the opportunities for developing countries to accelerate economic growth. Nowadays most of the economists ...

As a popular subject, over the years the inflation-unemployment tradeoff also known as the Phillips curve attracted the attention of economists and policy makers. Accordingly, our paper aims to investigate the relationship ...