The efficient market says that you cannot consistently profit from speculating on currencies, yet PPP states that

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The efficient market says that you cannot consistently profit from speculating on currencies, yet PPP states that the movement of a currency is predictable depending on the inflation differences. Reconcile these two views.

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International Financial Management

ISBN: 9781473787216

6th Edition

Authors: Jeff Madura, Roland Fox

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Question Posted: Jun 10, 2024 02:09 AM

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The efficient market says that you cannot consistently profit from speculating on currencies, yet PPP states that

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International Financial Management

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