Interest rates : term structure models, monetary policy, and prediction / Yasuo Nishiyama, editor.

Format:

Book

Contributor:

Nishiyama, Yasuo.

Series:

Economic issues, problems and perspectives series.

Financial institutions and services.

Economic issues, problems and perspectives

Financial institutions and services

Language:

English

Subjects (All):

Interest rates.

Interest rates--Mathematical models.

Physical Description:

1 online resource (191 p.)

Place of Publication:

Hauppauge, N.Y. : Nova Science Publishers, c2012.

Language Note:

English

Summary:

Interest rates are directly related to our lives. When interest rates are high, we hold less cash and more interest-bearing assets because we face a high opportunity cost of holding cash. Interest rates are directly related to the economy. When interest rates are high, there are not as many viable opportunities for firms to invest as when they are low, leading to a lower level of investment and a lower level of economic activities. Interest rates are directly related to the objectives of countries' monetary policy. This book, entitled Interest Rates: Term Structure Models, Monetary Policy and Prediction sheds light on selected aspects of this multifaceted role of interest rates. Topics discussed include term structure models; policy interest rates and the usefulness of interest rates as a predictor.

Contents:

pt. 1. Term structure models

pt. 2. Monetary policy

pt. 3. Prediction.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record and CIP data provided by publisher.

ISBN:

1-61324-809-1