... Forward Premiums, 22 1Summary, 22 3Point Counter-Point: Does Arbitrage Destabilize Foreign Exchange Markets? 22 4Self-Test, 22 4Questions and Applications, 22 5Advanced Questions, 22 7Discussion ... of the International Fisher Effect, 24 6Graphic Analysis of the International Fisher Effect, 24 8Tests of the International Fisher Effect, 24 9Does the International Fisher Effect Hold? 25 1Comparison ... 419Background, 419Analysis, 420 Other Factors to Consider, 422 Exchange Rate Fluctuations, 423 Inflation, 425 Financing Arrangement, 425 Blocked Funds, 428 Uncertain Salvage Value, 429 Impact of Project...