NO.PZ2018091706000007
问题如下:
Analyst told his client, if you want to make FX carry trades, the international parity condition cannot hold. So which of the following parity theories least likely hold?
选项:
A. international fisher effect.
B. covered interest rate parity.
C. uncovered interest rate parity.
解释:
C is correct.
考点:做carry trade的大前提是什么。
解析:uncovered interest rate parity不能成立。如果uncovered interest rate parity成立,那么X国家的贬值幅度正好抵消X国家的收益率的优势,没有套利利润。
为啥uncovered IRP 成立时,两者会相互抵消呢