Crystal
2018-12-20 23:32An Australia-based fixed-income investment manager is deciding how to allocate herportfolio between Australia and Japan. (As before, the AUD is the domestic currency.)Australia’s one-year deposit rate is 5%, considerably higher than Japan’s at 1%, butthe Australian dollar is estimated to be roughly 10% overvalued relative to the Japaneseyen based on purchasing power parity. Before making her asset allocation, the investmentmanager considers the implications of interest rate differentials and PPP imbalances. 1.All else equal, which of the following events would restore the Australian dollarto its PPP value? A.The Japanese inflation rate increases by 4%. B.The Australian inflation rate decreases by 10%. C.The JPY/AUD exchange rate declines by 10%. 答案為什么選C，希望老師解答下，謝謝
所屬：CFA Level II > Economics 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
Sinny助教
2018-12-21 09:54
該回答已被題主采納
同學你好，題目中明確說了，基于購買力，Australian dollor是有10%的overvalue，因此Australian dollar會貶值。那么在PPP成立的情況下，澳元應該貶值，從而JPY/AUD的外匯應當是下降的。
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