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Expectations theory of forward exchange rates
| Глоссарий экономических терминов |
A theory of foreign exchange rates that states that the expected future spot foreign exchange rate t periods from now equals the current t-period forward exchange rate.
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Pure expectations theory, английский
A theory that asserts that forward rates exclusively represent the expected future rates. in other words, the entire term structure reflects the market`s expectations of future short-term rates. for example, an increasing slope to the term structure implies increasing short-term interest rates. related: biased expectations heories.
Supply-side economics, английский
- A theory of economics that reductions in tax rates will stimulate investment and in turn will benefit the entire society.
- The branch of economies concerned with the productive potential of an economy and ways to increase it.
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