跨国公司的财务管理(英文版).pptxVIP

Chapter Outline;32.1 Terminology;32.1 Terminology;;FOREX Market Participants;Correspondent Banking Relationships;Spot Rate Quotations;Spot FX trading;Cross Rates;Triangular Arbitrage;Triangular Arbitrage;Triangular Arbitrage;Triangular Arbitrage;The Forward Market;Forward Rate Quotations;Forward Rate Quotations;Long and Short Forward Positions;;Evidence on PPP;;Interest Rate Parity Defined;Interest Rate Parity Defined;IRP and Covered Interest Arbitrage;IRP and Covered Interest Arbitrage;According to IRP only one 360-day forward rate, F￡(360), can exist. It must be the case that F￡(360) =