国际财务管理（原书第8版）课件PPTEun_CH06_Accessible.pptx

International Financial ManagementEighth Edition;Chapter Outline (1 of 2);Chapter Outline (2 of 2);Interest Rate Parity Defined;Interest Rate Parity Example (1 of 3);Interest Rate Parity Example (2 of 3);Interest Rate Parity Example (3 of 3);Why IRP Holds: Part 1 (1 of 2);Why IRP Holds: Part 1 (2 of 2);Why IRP Holds: Part 2 (1 of 2);Why IRP Holds: Part 2 (2 of 2);EXHIBIT 6.1;Multi-Year Interest Rate Parity (1 of 2);Multi-Year Interest Rate Parity (2 of 2);IRP Even More Carefully Defined;Currency Carry Trade;Currency Carry Trade Example (1 of 2);Currency Carry Trade Example (2 of 2);EXHIBIT 6.4;Reasons for Deviations from IRP;EXHIBIT 6.5;Transactions Costs Example;Transactions Costs Example 1 (1 of 2);Transactions Costs Example 1 (2 of 2);Transactions Costs Example 2 (1 of 2);Transactions Costs Example 2 (2 of 2);Why This May Seem Confusing;Setting Dealer Forward Bid and Ask (1 of 2);Setting Dealer Forward Bid and Ask (2 of 2);Setting Dealer Forward Bid Price (1 of 2);Setting Dealer Forward Bid Price (2 of 2);Setting Dealer Forward Ask Price;PPP and Exchange Rate Determination (1 of 2);PPP and Exchange Rate Determination (2 of 2);PPP and IRP;Expected Rate of Change in Exchange Rate as Inflation Differential;Expected Rate of Change in Exchange Rate as Interest Rate Differential;EXHIBIT 6.7 (1 of 6);EXHIBIT 6.7 (2 of 6);EXHIBIT 6.7 (3 of 6);EXHIBIT 6.7 (4 of 6);EXHIBIT 6.7 (5 of 6);EXHIBIT 6.7 (6 of 6);Evidence on PPP;EXHIBIT 6.8 A Guide to World Prices: March 2016;Approximate Equilibrium Exchange Rate Relationships;The Exact Fisher Effects;International Fisher Effect (1 of 2);International Fisher Effect (2 of 2);Exact Equilibrium Exchange Rate Relationships;EXHIBIT 6.9 How Large is India’s Economy?;Forecasting Exchange Rates: Efficient Markets Approach;Forecasting Exchange Rates: Fundamental Approach;Forecasting Exchange Rates: Technical Approach;EXHIBIT 6.11;EXHIBIT 6.12;Performance of the Forecasters;Summary (1 of 3);Summary (2 of 3);Summary (3 of 3);End of Present