International Fisher Effect (IFE): IFE theory suggests that currencies with higher interest rates will depreciate because the higher nominal rates reflect higher expected inflation. We could use IFE to estimate the exchange rate effects e f = (1 + I h)/(1+I f) – 1 e f : Change of % of exchange rate of foreign currency again USD (spot rate ...

International Parity Relationship (下简称IPR)总的说来，是以各国之间的外汇为研究对象，探讨其与各国其他经济关键要素比如，利率、通货膨胀率等之间的联系。 这个Parity既体现了国与国之间的平衡，也体现了各类指标（国内经济指标、外汇经济指标）之间的平衡。 在CFA二级体系下，国际 评价理论 由三部分组成： （1）Interest Rate Parity（IRP）：讲得是两国之间的利率与汇率关系。 （2）Fisher Relationship（FR）：讲得是两国之间通胀与利率的关系。 Fisher（暂称渔 …

2024年6月25日 · Interest rate parity is the fundamental equation that governs the relationship between interest rates and currency exchange rates. The basic premise of interest...

2019年6月13日 · irp和ife是不同货币的汇率及利率问题，ppp是工程领域的政府投资工程

IFE suggests a relationship between the interest rate differential of two countries and the percentage change in the spot exchange rate over time. IFE is based on nominal interest rate differentials, which are influenced by expected inflation. Thus, the IFE is closely related to PPP. 9. Real Interest Rate.

2024年6月18日 · The international Fisher effect (IFE) is a theory that suggests the expected changes in the current exchange rate between any two currencies are approximately equivalent to the difference between their countries' nominal interest rates.

2015年3月6日 · Violations of IRP create arbitrage opportunities. Factors like inflation rates, economic conditions, and monetary policies influence IRP and PPP over time. Formulas are provided for calculating IRP and expected future exchange rates under PPP.

2018年12月18日 · 3) Interest rate expectation theory (IFE) describes how interest rate changes, rather than just inflation, impact nominal and real interest rates and exchange rates. Currencies with higher interest rates are expected to depreciate.

Covered interest arbitrage allows investors to exploit differences in interest rates between currencies while hedging against exchange rate risk using forward contracts. Purchasing power parity is the theory that inflation rates should cause exchange rates to adjust so that the relative purchasing power of currencies stays consistent over time.