Results 251 to 260 of about 4,205,676 (312)

Predictability of Interest Rates and Interest-Rate Portfolios

Journal of Business & Economic Statistics, 2006
Due to the near unit-root behavior of interest rates, the movements of individual interest-rate series are inherently difficult to forecast. In this paper, we propose an innovative way of applying dynamic term structure models to forecast interest-rate movements.
Bali, Turan   +2 more
openaire   +2 more sources

Interest Rates and Interest Rate Derivatives

2010
The interest rate derivatives market is the largest derivatives market in the world. Mostly traded OTC, the interest rate securities are extremely popular especially among large institutional investors. Thus, the valuation of these instruments has been a major challenge of both practitioners and academics.
Jürgen Franke   +2 more
openaire   +1 more source

The Rate of Interest

Econometrica, 1951
FOR what purpose do the banks use their powers to influence the interest rates? In reality policy is imposed upon them by monetary authorities, but we are conducting the argument on the assumption that they are operating according to certain rules without specifying the manner in which they are compelled to do so ...
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Implied Interest Rates

The Journal of Business, 1986
One of the most important assumptions in financial economics models is the existence of a risk-free rate, available for borrowing and lending. In any economy, however, the borrowing rate does not coincide with the lending rate even for the short run. The difference between the rates is considered a compensation for intermediation that is necessary in ...
Brenner, Menachem, Galai, Dan
openaire   +1 more source

Interest Rates 6: Role of Interest Rates

SSRN Electronic Journal, 2014
This is the sixth in a series of seven papers on interest rates and it covers the various roles of interest rates: primary tool of monetary policy, bridge between present and future consumption, advancing consumption / investment with debt, interest rates’ inverse relationship with asset prices and the wealth effect, the role of interest rates in ...
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Interest Rates 4: Interest Rate Discovery

SSRN Electronic Journal, 2014
This is the fourth in a series of seven papers on interest rates and it covers the principle of interest rate discovery and security valuation, the micro structure of financial markets, the role of secondary markets, interest rate discovery in the debt and deposit markets, and the micro factors which impact on price discovery.
openaire   +1 more source

Interest Rates 1: What are Interest Rates?

SSRN Electronic Journal, 2014
This is the first in a series of seven papers on interest rates and it covers the basic terms and information required for a fuller understanding of the significance of interest rates: the instruments that interest rates apply to, the bank interest margin which plays an important transmission role in monetary policy, time value of money, types ...
openaire   +1 more source

Interest Rates and Information

The Manchester School, 2004
In a lending relationship, a bank learns information on its borrowers. Adverse selection makes the usefulness and value of this information depend on the interest rates the bank charges in the different periods. The optimal intertemporal screening of borrowers calls for a monopolistic bank to smooth interest rates.
openaire   +1 more source

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