In the real world , uncovered interest parity has not applied over the past 25 years or so 在过去的大约25年中,非抛补利率平价理论从未与现实相符合。
By using the viewpoints in the theory of ppp ( purchasing power parity ) , the theory of irp ( interest rate parity ) and the fish theory , and connecting with the practical situation of china , this paper discusses on the decisive effect of the monetary inflation rate and interest rate on the level of rmb exchange rate 运用购买力平价理论、利率平价理论和费雪理论中的观点,结合我国的实际情况,讨论了我国的通货膨胀率、利率对人民币汇率水平的决定作用。
The classic exchange rate determination theory includes the theory of purchasing power parity and the theory of interest - rate parity . as the main part of modern exchange rate determination theory , the capital market method of exchange rate determination theory includes the currency model which includes elastic price model and viscous price model , the currency substitution model and the portfolio model . the contemporary exchange rate determination theory includes the speculation foam theory , the news model and the chaotic model 经典汇率决定理论主要是指购买力平价理论和利率平价理论;现代汇率决定理论主要是指汇率决定理论的资产市场方法,包括:货币模型、货币替代模型和资产组合模型,其中货币模型可以分为弹性价格模型和粘性价格模型;当代汇率决定理论主要包括:投机泡沫理论、新闻模型和混沌分析方法。
This paper takes the exchange rate fluctuation in the international finance as the main object of study , introducing and appraising various theories of the exchange rate determination , which have theoretical influence and practical significance heretofore in the field of international finance firstly . these theories include traditional exchange rate determination theories and modern monetarist models 本文视汇率波动问题为研究主题,在简要评述主要汇率决定理论基础上,不仅分析了以购买力平价理论、利率平价理论为代表的传统汇率决定理论,而且讨论了以粘性价格模型、灵活价格货币模型、实际利差货币模型等现代汇率决定模型。
利率: an interest rate平价: par; parity; fair price; sta ...理论: theory利率平价: interest rate parity利率平价说: interest rate parity购买力平价理论: theory of purchasing power parity汇率平价: par rate of exchange固定汇率平价: fixed par of exchange键价理论: bond-valence theory结合价理论: valence theory评价理论: evaluation theory原子价理论: theory of valence期权定价理论: option pricing theory认知评价理论: cognitive evaluation theory套汇定价理论: arbitrage pricing theory套利定价理论: arbitrage pricing theory (apt)资产估价理论: theory of asset valuation理论平价: theoretical parity海特勒-伦敦共价理论: heiter-london covalence theoty路易斯 兰格穆尔原子价理论: lewis langmuir's theory of valency平价: par; parity; fair [state] price; state-set price; state-fixed price; normal, rational price; the standard of a country's standard currency; the standard ratio of two countries' gold standard currency 法定平价 a mint par of exchange; 法定汇兑平价 an official par of exchange; 固定平价 fixed parity; 商业平价 commercial par; 外汇平价 a par of exchange; 实在平价 real par of exchange; 铸币平价 specie par; 平价兑换 exchange at par; 平价发行 par issue; 平价股息率 average-rate of dividend; 平价汇率 par exchange rate; 平价价格 parity price; 平价商店 fair-price shop; 平价条款 parity clause; 平价以上 above par value利率理论与应用: theory of interest rate and practical business利率理论与应用实务: theory of interest rate and pratical business利率: interest rate; money rate; rate of interest 利率低 ease of money; 利率补贴 interest rate subsidy; 利率机动权 have the power to regulate interest rates 比率平衡式: ratio balance type; ratio-balance type