英语论文网

留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心 我要定制

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal

英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献

ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter

澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文

小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法

英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查

temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语

经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目

日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题

职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意

商务英语翻译论文广告英语商务英语商务英语教学

无忧论文网

联系方式

国际金融汇率论文-国际平价条件和彼此之间的关系——应用PPP汇率的假说-International Parity Conditions and the Relationships with Exchange Rate - Application of PPP Hypothesis

论文作者:留学生论文网论文属性:硕士毕业论文 dissertation登出时间:2011-10-28编辑:anterran点击率:4553

论文字数:18435论文编号:org201110281058242300语种:英语 English地区:英国价格:$ 44

关键词:international financial marketsinternational tradeexchange of goods and services

摘要:In the international financial markets, international trade and exchange of goods and services across countries have raised the chances of transactions in different currencies,

International Parity Conditions and the Relationships with Exchange Rate - Application of PPP Hypothesis
1.INTRODUCTION
1.1 Background
In the international financial markets, international trade and exchange of goods and services across countries have raised the chances of transactions in different currencies, and therefore rises some of the fundamental questions such as: ‘What are the determinants of exchange rate?; Are changes in exchange rates predictable?’ etc are being asked everyday by those international portfolio investors, importers, exporters and government officials. However, different countries have their own economic situation. Sometimes, if only one country did some change on their government policy, it leads to the fluctuation in the exchange rate between countries. How can the exchange rate been predicted in a comparative stable economy environment? In the academia, it provided a corn theory. The three main parity conditions are: Purchasing Power Parity (PPP), International Fisher effect (IFE) and Interest Rate parity (IRP).

The purchasing power parity (PPP) condition concerns with the relative values or the exchange rate of two currencies and the prices in the two countries, while that the interest rate parity (IRP) condition identifies the relationship between the exchange rate, the forward rate and the interest rate in the two countries. And the relationship between changes in the exchange rate and the interest rate differential in the two countries was established by the international fisher effect (IFE) for exploiting the relationship between the interest rate differential and the inflation differential.

 

8.0 Reference
 Baharumshah, A. Z., Sen, L. K., Ping, L. K. (2004), Exchange rates forecasting model: An alternative estimation procedure, Pertanika Journal of Science & Technology, Vol. 12, No. 1, pp. 150-172.
 
Balassa, B. (1964). “The purchasing power parity doctrine: A reappraisal”, Journal of
 Political Economy, 72, 584-596.
 
 Bayoumi,T., MacDonald, R. (1999), Deviations of exchange rates from purchasing power parity: A story featuring two Monetary Unions, IMF staff paper, Vol. 46, No. 1, pp. 89-93.
 
 Boothe, P., Glassman, D., (1987), Comparing exchange rate forecasting models, International Journal of Forecasting, Vol. 3, No. 1, pp. 65-69.
 
 Cappiello, L., De Santis, R. A. (2005), Explaining exchange rate dynamics, the uncovered equity return parity condition, working paper, No. 529, European Central Bank.
 
 Chen, S. - S. (2008), Does extracting inflation from stock returns solve the purchasing power parity puzzle, working paper, National Taiwan University.
 
 Chiang, T. C., Austin, M. M. (2005), International parity conditions and market risk, Drexel University.
 

论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

共 1/1 页首页上一页1下一页尾页

相关文章

    英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非