interest rate parity theory

基本解释

Interest-Rate-Parity Theory expound the relationship of the changes of exchange rate and interest rate.
利率平价理论阐述了汇率变动与利率变动的关系。
Interest rate parity theory is the basic theory describing the decisive role of divergence in domestic and foreign interest rates to currency exchange rate of a country.
利率平价理论是阐述国内外利率水平差异对一国货币汇率起决定作用的基本学说。
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After explaining the covered and uncovered Interest Rate Parity theory, the author uses them to examine the RMB' exchange rate again, and come to a conclusion as the same as the previous PPP theory.
在介绍了抛补利率平价和未抛补利率平价理论之后，也对人民币汇率进行了实证分析，同样得出了利率平价对汇率变动的解释能力较差的结论。