Evaluating IRP Theorem
{"Image DocumentName": "Evaluating IRP Theorem", "Image ImageDescription": "(v) Even the covered interest arbitrage does hardly help achieve interest rate parity. The reasons are: (a) There is transaction cost involved in the arbitrage process which the IRP theory does not take into account. (b) Control on capital account transactions is found in many countries that hinders a smooth arbitrage process.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}