解析 正确答案:非套补的利率平价(Uncovered Interest Parity,UIP):预期的外汇汇率变动率Eρ等于两国货币利率之差,即Eρ=id-if。如果本国利率高于外国利率,则意味着市场预期本币在未来将贬值;如果本国利率低于外国利率,则意味着市场预期本币在未来将升值。 涉及知识点:汇率基础理论反馈 收藏
(二)非抛补利率平价理论:(uncovered interest-rate parity,简称UIP)设id为本国货币市场以投资期计算的利率if为外国货币市场以投资期计算
uncovered interest parity 公式uncovered interest parity公式 无套利利率平价(Uncovered Interest Parity,UIP)是一种国际金融理论,用于描述汇率和利率之间的关系。根据无套利利率平价理论,投资者在国际货币市场上没有套利机会,即外汇市场利率与利率之间的差异应该等于预期汇率变动的比例。 无套利利率平价公式可以表示为: \[...
“在uncovered interest parity的公式里：预期的汇率变动率等于两国货币利率之差。利率低的国家的货币，市...
(thatis,areupwardssloping),thenoneyeardepositratesinUSDandEURof5%/yearand4%/yearimplythattheonemonthdepositratesinUSDandEURarelessthan5%/yearand4%/yearrespectively.2.UncoveredInterestParity2.UncoveredInterestParityUncoveredInterestParityUIPisaforecastingtool,orprediction.Timetversussomefuturetime.UIPsays:ESt+1...
无抛补利率平价 (Uncovered Interest Rate Parity, UIP)是一个可以用作预测汇率变化的利率平价。在这个定律下,投资者的套利行为会令同一资产以不同货币计价的收益率趋向一致,也就是所谓的“一价定律”,并保证了…
BuyAsset:payPtMayreceivedividendDt+1betweentimetandtimet+1Sellasset:getPt+1 t Forexample,t=January,t+1=February t+1 Return=Pt+1+Dt+1-PtRateofReturn=(Pt+1+Dt+1-Pt)/Pt 3 Returnonahomeasset Pt+1-PtdividendsoranyinterestpaymentstotheassetholderDt+1Pt+1-Pt+Dt+1 4 Rate...
andUncoveredInterestRateParity(国际金融-香 港 2021/7/30 ComparingLocalandForeignPrices •Priceswithinacountry •Pricesacrosscountries•P(inhomecurrency)•P*(inforeigncurrency)•1HD=xFD=1/eFD,i.e.,eHD=1FD•Pvs.eP* Time Returnonhomeasset t Forexample,t=January,t+1=February t+1 Buy...
When uncovered interest rate parity holds, there can be no excess return earned from simultaneously going long a higher-yielding currency investment and shorting a different lower-yielding currency investment or interest rate spread. Uncovered interest rate parity assumes that the country with the higher...
非抛补利率平价理论，作为与抛补利率平价相对的一种汇率决定理论，主要从利息率差异的角度来解释汇率的决定。当两国之间的利息率存在差异时，套利资金会在两国间流动，以期获得更高的收益，从而影响并决定均衡汇率水平。非抛补利率平价理论下的投资者愿意承担风险，不会仅仅买入一种货币而不卖出相应的远期...