after explaining the covered and uncovered interest rate parity theory, the author uses them to examine the rmb' exchange rate again, and come to a conclusion as the same as the previous ppp theory.
在介绍了抛补利率平价和未抛补利率平价理论之后,也对人民币汇率进行了实证分析,同样得出了利率平价对汇率变动的解释能力较差的结论。