FSAdummy Wrote:
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> PPP holds in the long term
Not a requirement, but empirical data show it does so.
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> IRP holds in the short term
Covered Interest Rate Parity should hold for all maturities by definition.
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> What about
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> URIP (uncovered interest rate parity)?
It the expected sport rate for a maturity comes true, it does. But not a requirement as covered IRP is.
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> International Fisher's relations?
It simply says that interest rate differential between two countries should equate the countries' inflation rate differentials. Not a requirement again, because inflation rates may deviate from what the int. fisher theory suggests and real F/x rate may change accordingly.
发表于 2011-7-11 15:17
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