記同學(xué)
2020-10-08 22:38老師，CME的case7,第5題計(jì)算兩國(guó)利率的時(shí)候?yàn)槭裁匆裡quity premium加上。
所屬：CFA Level III > Capital Market Expectations 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Nicholas助教
2020-10-10 18:00
該回答已被題主采納
同學(xué)，下午好。
在CME中講到的based on capital flows using the Dornbusch overshooting這部分，在計(jì)算資本流動(dòng)的調(diào)整給匯率的影響時(shí)，是需要考慮風(fēng)險(xiǎn)溢價(jià)因素的，其相關(guān)描述如下：
Adjustments to capital flows will place substantial pressure on exchange rates. There are three important considerations:
Capital mobility: The expected percentage change in the exchange rate can be computed as the difference between nominal short-term interest rates and the risk premiums of the domestic portfolio over the foreign portfolio:
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When there is a relative improvement in investment opportunities in a country, the currency initially tends to see significant appreciation but “overshoot”.
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