Interest Parity theory interprets the interest rate difference between two countries work on the exchange rate.

利率平价理论是阐述国内外利率水平差异对一国货币汇率起决定作用的基本学说.

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In the real world , uncovered interest parity has not applied over the past 25 years or so.

在过去的大约25年中, 非抛补利率平价理论从未与现实相符合.

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