《国际金融重点翻译》.pptVIP

2.law of one price: a product that is easily and freely traded in a perfectly competitive global market should have the same price everywhere, once the prices at difference places are expressed in the same currency.P = e ? Pf 一价定律：在完全竞争的全球市场中容易和自由交易的产品应该在任何地方具有相同的价格，一旦不同地方的价格用相同的货币表示。 3.purchasing power parity--- Absolute Purchasing Power Parity---Relative purchasing power parity---Key Implications of Relative PPP Rate of appreciation of the foreign currency=∏-∏fA country with a relatively high inflation rates tends to have an depreciating currencies. 3.购买力平价 ---绝对购买力平价 ---相