(Fisher Effect)
.
() , r R :
(l + r)=(l + R) x (l + p),
r , R ; .
() , . , .
(International Fisher Effect)
. , . , ( ) , :
SR1( - ; SR0 - ;
h ; f .
(Unbiased forward rate)
, -, . -:
- , . , . , . : , , . . , , , .2
2 Helmut Hegeman. Anticipate Your Long-Term Foreign Exchange Risk // Harvard Business Review, MarchApril 1987; Don S. Gull. Composit Foreign Exchange Risk // The Collumbia Journal of World Business, Fall, 1992; M. Levi. International Finance: The Market & Financial Management of multinational Business. N.Y., etc., 1990; G. Calvo. Exchange-Rate Based Stabilization under imperfect Credibility N.Y., 1993; Dornbusch R. Expectation and exchange Rate Dynamics. Journal of political Economy, 1976, p. 1161-1176; . . . // -1998 3 . 30-34; . . . . M.: , 1994.
|
|
, , , , , , .
, . , . :
;
;
;
;
.
:
;
;
;
, ;
, .
.
, .
, , .
, . , - , .
- , , .