WEMBA FNCE 719 - Finance Department
the price of yen in terms of dollars ... 1994 (between Nov and Dec 1994 data) in terms the inflation-adjusted exchange rates. How did the devaluation size compare with the predictions of APPP? ... t+5Y) based upon Relative Purchasing Power Parity. Given the 5 year interest rates for these currencies, use the linear form of long horizon Interest ... ................
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