Describe the linkages among prices, exchange rates, interest rates and other variables according to the numbers given in the cha

admin2011-01-26  50

问题    Describe the linkages among prices, exchange rates, interest rates and other variables according to the numbers given in the chart.

选项

答案These six relationships can be stated more explicitly as follows: ①inflation rate = rate of growth of money supply a rate of growth of real gross national product (too much money chasing too few goods) ②rate of change of exchange rate = inflation rate differential ( purchasing power parity theory) ③interest rate = "real" interest rate expected inflation rate (Fisher effect: one country) ④expected rate of change of exchange = interest rate differential ( international Fisher effect) ⑤forward exchange premium or discount = interest rate differential ( interest rate parity theory) ⑥forward premium or discount = expected rate of change of exchange rate ( unbiased for- ward rate theory)

解析
转载请注明原文地址:https://jikaoti.com/ti/ptpsFFFM
0

最新回复(0)