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Explain the implications of a situation where: Interest Rate Parity holds/does not hold Forward Rate Parity holds /does not hold Purchasing Power Parity holds /does

Explain the implications of a situation where:

  1. Interest Rate Parity holds/does not hold
  2. Forward Rate Parity holds /does not hold
  3. Purchasing Power Parity holds /does not hold
  4. Generalized Fisher Equation holds /does not hold
  5. International Fisher Equation holds /does not hold

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