国际金融期末重点概要1.pptVIP

Chapter 3 10.uncovered interest parity: when a currency is expected to appreciate by as much as its interest rate is lower than the interest rate in the other country. Chapter 3 If this exchange rate risk is of little or no importance,then we hypothesize the uncovered interest parity will exist. Chapter 4 1.The asset market approach explains exchange rates as being part of the equilibrium for the markets for financial assets denominated in different currencies. Chapter 4 Chapter 4 2.law of one price: a product that is easily and freely traded in a perfectly competitive global market should hav