The Failure of Covered Interest Parity: FX Hedging Demand and Costly Balance Sheets
نویسندگان
چکیده
منابع مشابه
Tests of Covered Interest Rate Parity
ECEN’FLY there has been considerable interest in and investigations of whether the covered interest parity (CIP) holds. At the inicroeconomic level, CIP is important because is it a direct consequence of covered interest arbitrage. Its failure to hold would suggest 1) that markets are inefficient in the sense that traders do not take advantage of known profit opportunities, 2) that legal restri...
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toichiometric analysis has the same function in biochemistry as book-keeping has in business. Both deal with the inputs and outputs in flow systems, and studying the stoichiometric structure of a metabolic network might seem only slightly more exciting than a visit to an accountant's office. Times change, however, and progress in systems biology will involve paying closer attention to stoichiom...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2910319