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Financial economists argue that violations of covered interest rate parity are a result of frictions in the market (i.e., limit to arbitrage) while others propose
Financial economists argue that violations of covered interest rate parity are a result of frictions in the market (i.e., limit to arbitrage) while others propose they are a reward for risks. Critically and detailed evaluate this contention of financial economists with reference to appropriate theories and empirical evidence/methods.
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