Do Equations (4.2) and (4.3) hold for forward exchange rates in the interbank currency market? That is,
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Do Equations (4.2) and (4.3) hold for forward exchange rates in the interbank currency market? That is, are the equalities and true in a liquid market with small transaction costs?
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Multinational Finance Evaluating The Opportunities Costs And Risks Of Multinational Operations
ISBN: 9781119219682
6th Edition
Authors: Kirt C. Butler
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