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New Course
Concept
Covered Interest Rate Parity
Covered Interest Rate Parity
(CIRP) is a
financial theory
stating that the difference in
interest rates
between
two countries
is equal to the differential between the
forward exchange rate
and the
spot exchange rate
, eliminating
arbitrage opportunities
. This principle ensures that investors cannot earn
risk-free profits
from discrepancies in
interest rates
and
currency exchange rates
by using
forward contracts
.
Relevant Degrees
Monetary System and Banking 63%
International Finance 38%
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