NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Interest Rates and the Exchange Rate: A Non-Monotonic Tale

Viktoria Hnatkovska, Amartya Lahiri, Carlos A. Vegh

NBER Working Paper No. 13925
Issued in April 2008

---- Acknowledgements -----

We would like to thank seminar participants at the Federal Reserve Bank of New York, HEC Montreal, Colorado-Boulder, UBC, the 2007 annual meetings of Midwest Macro, CMSG Jr., and the SED for helpful comments. Lahiri would also like to thank SSHRC for research support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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