What is triangular arbitrage?Use a numerical example to show that if cross exchange rates are not consistent,
Fantastic news! We've Found the answer you've been seeking!
Question:
- What is triangular arbitrage? Use a numerical example to show that if cross exchange rates are not consistent, then an investor can make a guaranteed, risk-less profit.
Related Book For
International Finance Theory and Policy
ISBN: 978-0133423648
10th edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
Posted Date: