If interest rate parity holds, then the one-year forward rate of a currency will __ the predicted spot rate of the currency in one year according to the international Fisher effect.
a greater than
b less than
c equal to
d answer is dependent on whether the forward rate has a discount or premium
International Financial Management(10)
2007-10-15 5:56 am
回答 (1)
2007-10-16 1:47 am
✔ 最佳答案
d because currency has lower interest rate will appreciate in long run, while currency has higher interest rate will depreciate in long run. Hence, the forward rate will only be determined if you know the interest rate differential between the 2 currencies.
收錄日期: 2021-04-13 13:54:43
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