The graph is a line chart titled "Uncovered Interest Rate Parity Deviation." The y-axis ranges from zero to 8 percent and plots the median external finance premia. The x-axis spans January to December 2013. The median external finance premia varied between 3.1 and 7.3 percent, where it peaked at in June 2013. The gray vertical bar centered around May 2013 denotes the taper tantrum. The blue shaded region is the interquartile range, and the sample includes 19 countries. Source: Das M, Gopinath G, Kalemli-Özcan Ṣ. NBER Working Paper 29615