oussama94
05-29-2017, 00:03
Once a nation raises its interest rates, international
investors will discover that the yield for that nation’s currency is
more attractive and hence buy up that nation’s currency. Figure 3.6 shows
how well this theory held up in 2003 when interest rate spreads were near
their widest levels in recent years.
investors will discover that the yield for that nation’s currency is
more attractive and hence buy up that nation’s currency. Figure 3.6 shows
how well this theory held up in 2003 when interest rate spreads were near
their widest levels in recent years.