Ch外汇资产需求与利率平价学生教程文件.pptVIP

Ch14.2 The demand for Foreign Currency Assets and Interest Parity (此部分在英文书的P334—P347);Demand for Foreign Currency Assets;Asset return; Defining Asset Returns The percentage increase in value an asset offers over some time period. The Real Rate of Return The rate of return computed by measuring asset values in terms of some broad representative basket of products that savers regularly purchase. ;Interest Rates; Figure 13-2: Interest Rates on Dollar and Deutschemark Deposits, 1975-1998; The returns on deposits traded in the foreign exchange market depend on interest rates and expected exchan