LIWEIWEI
2019-03-30 07:55原版書 economy example 4 第二題；Covered and Uncovered Interest Rate Parity: Predictors of Future Spot Rates）這一題沒有理解為什么沒有套利空間就沒有uip呢？The best explanation of why this prediction may not be very accurate is that: there is no arbitrage condition that forces uncovered interest rate parity to hold.
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1個回答
Sophie助教
2019-04-01 14:57
該回答已被題主采納
同學你好，covered interest rate parity等同于no-arbitrage condition,就是用forward 來hedge，而在uncovered interest rate parity下，investor's currency position is not hedged,也就是不涉及forward,所以是uncovered。
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