
- UID
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- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-7
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It can look odd, but the currency with the greater interest rate is the one set to decline. Think about it as an offset. For parity to hold what a currency offers in greater (less) interest must be balanced by a forward discount (premium).
It is true and confusing that greater real interest rates attract inflows from abroad, and create currency appreciation. But you have to assume that has already happened, and consider only the price relationships between two currencies today and in the future. |
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