Dia 1

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Figure 21.1 Irving Fisher (1867-1947)
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Figure 21.2 The Netherlands interest rates and
inflation rates (CPI), 1979 2004
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Figure 21.3 Germany interest rates and term
structure
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Figure 21.3 Germany interest rates and term
structure
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Figure 21.4 Term structure of interest rates US
yield curve on 10 January, 2006
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Figure 21.5 Japan term structure of interest
rates
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Figure 21.6 Two investment options
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Figure 21.7 Accuracy of linear approximation of
ln(1x)
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Figure 21.8 Australia and USA variability in
exchange rates and interest rates
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Figure 21.8 Australia and USA variability in
exchange rates and interest rates
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Figure 21.9 Australia USA 12-month covered
interest parity
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Figure 21.10 Assumptions, interest parity, and
market efficiency
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Figure 21.11 Australia USA prediction accuracy
of forward rates
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Figure 21.11 Australia USA prediction accuracy
of forward rates
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Figure 21.11 Australia USA prediction accuracy
of forward rates
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Figure 21.12 Australia USA forecast errors
correlations