ch04 The Forward Currency Market and Financial Arbitrage 国际货币与 及金融经济学英文版课件.pptVIP

The Forward Currency Market and Financial Arbitrage;Foreign Exchange Risk;Sources of Risk;Hedging and Speculating;Long and Short Positions;The Forward Market for the Pound;Forward Premium;Example;Premium versus Discount;The Forward Rate as a Predictor;The International Flow of Funds;The Market for Loanable Funds;A Shift in the Supply of Loanable Funds;Covered Interest Parity;Covered Interest Parity;Covered Interest Arbitrage;The Covered-Interest-Parity Grid;Example;The Spot Market for the Pound;The Forward Market for the Pound;The U.K. Loanable Funds Market;The U.S. Loanable Funds Market;The Spot Market;Uncovered Interest Parity;Uncovered Interest Parity;Deviations from UIP;Risk Premium;Risk Premium and UIP;Foreign Exchange Market Efficiency;Market Efficiency;International Financial Markets;Eurocurrencies