1. Slide 1
  2. Chapter Outline
  3. Chapter Outline
  4. Chapter Outline
  5. Chapter Outline
  6. Chapter Outline
  7. Interest Rate Parity
  8. Interest Rate Parity Defined
  9. Interest Rate Parity Defined
  10. Interest Rate Parity
  11. Interest Rate Parity Defined
  12. Interest Rate Parity Carefully Defined
  13. IRP and Covered Interest Arbitrage
  14. IRP and Covered Interest Arbitrage
  15. Interest Rate Parity
  16. Interest Rate Parity
  17. Arbitrage Strategy I
  18. Arbitrage Strategy II
  19. IRP and Hedging Currency Risk
  20. IRP and a Forward Market Hedge
  21. Forward Market Hedge
  22. Reasons for Deviations from IRP
  23. Purchasing Power Parity
  24. Purchasing Power Parity and Exchange Rate Determination
  25. Purchasing Power Parity and Exchange Rate Determination
  26. PPP Deviations and the
  27. Evidence on PPP
  28. The Fisher Effects
  29. Expected Inflation
  30. International Fisher Effect
  31. International Fisher Effect
  32. Approximate Equilibrium Exchange Rate Relationships
  33. The Exact Fisher Effects
  34. International Fisher Effect
  35. International Fisher Effect
  36. Exact Equilibrium Exchange Rate Relationships
  37. Forecasting Exchange Rates
  38. Efficient Markets Approach
  39. Fundamental Approach
  40. Technical Approach
  41. Performance of the Forecasters
  42. End Chapter Five

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