Question
The condition stating that the current forward rate is an unbiased predictor of the future spot exchange rate is called: the unbiased forward rates condition.
The condition stating that the current forward rate is an unbiased predictor of the future spot exchange rate is called:
| the unbiased forward rates condition. | ||
| uncovered interest rate parity. | ||
| the international Fisher effect. | ||
| purchasing power parity. | ||
| interest rate parity. |
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
