Why might covered interest parity fail to hold deposits

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The text points out that covered interest parity holds quite closely for deposits of differing currency denominations issued in a single ?nancial center. Why might covered interest parity fail to hold when deposits issued in different ?nancial centers are compared?

Reference no: EM13868880

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Why might covered interest parity fail to hold deposits : The text points out that covered interest parity holds quite closely for deposits of differing currency denominations issued. Why might covered interest parity fail to hold when deposits issued in different ?nancial centers are compared?
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