3. In column K, Compute an estimate of the real 90 Day Euro Yen Rate. In column...
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3.
In column K, Compute an estimate of the real 90 Day Euro Yen Rate. In column L,
Compute an estimate of the real 90 Day Euro Dollar Rate. In column M, compute the
dierence in these real rate estimates (Japan minus US). Describe what you learn from
these data, and what they imply for the borrowing program at BID
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