In the EMS before September 1992 the lira/DM exchange rate could fluctuate by up to 2.25 percent up or down.Assume that the lira/DM central parity and band were set in this way and could not be changed.What would have been the maximum possible difference between the interest rates on one-year lira and DM deposits? What would have been the maximum possible difference between the interest rates on six-month lira and DM deposits? On three-month deposits? Do the answers surprise you? Give an intuitive explanation.
在英国政治上有争议的一个事件是,20世纪80年代末期和90年代早期,英国是欧洲货币体系(EMS)汇率机制潜在的成员。反对加入的人说这将迫使英国的货币政策和德国的货币政策一样,会减少英国的自主权。假设你1991年回答这个问题(即欧元还不存在,英国在EMs体系中)。
A、股票策略
B、债券策略
C、CTA策略
D、市场中性策略
E、套利策略
F、宏观策略
G、事件驱动策略
H、复合策略
货币当局对外汇市场不进行干预,听任汇率随外汇市场的供求变化而自由升跌的汇率制度是()。
A.钉住浮动
B.清洁浮动
C.肮脏浮动
D.联合浮动