Question
How do purchasing-power parity, interest rate parity, and the Fisher effect explain the relationship among the current spot rate, the future spot rate, and the
How do purchasing-power parity, interest rate parity, and the Fisher effect explain the relationship among the current spot rate, the future spot rate, and the forward rate?
I am looking for a written explanation rather than a scientific response.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
