Three Essays On The Term Structure
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Three Essays On The Term Structure
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Author : Robin James Brenner
language : en
Publisher:
Release Date : 1989
Three Essays On The Term Structure written by Robin James Brenner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Interest rates categories.
Three Essays On The Term Structure Of Interest Rates
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Author : Jean-Guy Simonato
language : fr
Publisher:
Release Date : 1994
Three Essays On The Term Structure Of Interest Rates written by Jean-Guy Simonato and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Three Essays In The Term Structure Of Interest Rates
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Author : Chun Won Yi
language : en
Publisher:
Release Date : 2003
Three Essays In The Term Structure Of Interest Rates written by Chun Won Yi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Three Essays On The Term Structure Of Interest Rates
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Author : Hyoung-Seok Lim
language : en
Publisher:
Release Date : 2004
Three Essays On The Term Structure Of Interest Rates written by Hyoung-Seok Lim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Interest rates categories.
Abstract: Three chapters focus on the term structure of interest rates. Most Central Banks have recently employed the short term interest rate as a monetary policy instrument in the form of either a Taylor rule or Inflation Targeting. Under this framework, the term structure of interest rates play an important role in determining the effectiveness of monetary policy because economic decisions are based on long-term interest rates. The first two chapters discuss the role of the term structure of interest rates in explaining the behavior of exchange rates. Chapter 1 constructs a theoretical model and Chapter 2 provides an empirical result to supporting this theoretical prediction. Chapter 3 directly estimates the term structure of interest rates from Korean data. The estimated yield curves are used to extract market expectations about the future interest rates path which is essential for forward-looking monetary policy.
Three Essays On The Expectations Theory For Term Structure Of Interest Rates
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Author : Erdenebat Bataa
language : en
Publisher:
Release Date : 2006
Three Essays On The Expectations Theory For Term Structure Of Interest Rates written by Erdenebat Bataa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Three Essays On Savings And The Term Structure Of Lending
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Author : Hernando Vargas
language : en
Publisher:
Release Date : 1994
Three Essays On Savings And The Term Structure Of Lending written by Hernando Vargas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Capital costs categories.
This dissertation explores two subjects. The first one is the relationship between low liquidity in secondary markets for capital and the insufficient supply of long term funding for productive investment. The first chapter shows how shallow or non-existent secondary markets for capital can induce a short term bias in lending, a problem observed in developing countries. A general equilibrium model is developed with government debt and private capital that is costly to trade. The transaction costs reduce the proportion of savings held as capital. Three main results are established. First, larger government deficits cause a greater proportion of savings to be held as debt. Second, deficit finance alternatives (taxes vs. debt) have different effects on investment. And third, a rationale is provided for why intermediation occurs when capital trading is costly. The second subject studied in this dissertation is the effect of incomplete insurance on individual savings. The second chapter compares a two-period-lived, risk-averse agent's optimal consumption decision under complete and incomplete markets in the presence of labor income uncertainty. Initially, markets are completed by Arrow-Debreu securities and a risk-free asset. Then, the market for a contingent claim is closed, and the change in the individual's current consumption is examined, assuming that the prices of the remaining assets are constant. Two results are derived. First, the change in the risk-free asset position is a non-negative fraction of the insurance lost when a contingent claim market is eliminated. Second, if the utility function exhibits constant absolute risk aversion, savings increase whenever an insurance market is removed. If the utility function displays constant relative risk aversion and under complete markets high consumption states are associated with negative insurance, or low consumption states with positive insurance, then the elimination of one contingent claim market increases savings. The third chapter extends some of these results to situations in which markets are initially incomplete, and then a contingent claim market is removed.
Three Essays On The Term Structure Of Eurocurrency Rates
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Author : Cetin Ciner
language : en
Publisher:
Release Date : 1998
Three Essays On The Term Structure Of Eurocurrency Rates written by Cetin Ciner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
Three Essays On Monetary Policy
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Author : Kyuil Chung
language : en
Publisher:
Release Date : 2005
Three Essays On Monetary Policy written by Kyuil Chung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Market Imperfections And The Pricing Of Short Term Treasury Securities
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Author : Bruno Robert Gerard
language : en
Publisher:
Release Date : 1991
Market Imperfections And The Pricing Of Short Term Treasury Securities written by Bruno Robert Gerard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Bonds categories.
Three Essays On Credit Risk Fixed Income And Derivatives
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Author : Redouane Elkamhi
language : en
Publisher:
Release Date : 2008
Three Essays On Credit Risk Fixed Income And Derivatives written by Redouane Elkamhi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Credit categories.