Term structure of interest rates : expectations and behavior patterns / Burton Gordon Malkiel.

Format:

Book

Author/Creator:

Malkiel, Burton Gordon, author.

Series:

Princeton legacy library.

Princeton Legacy Library

Language:

English

Subjects (All):

Bonds.

Interest rates.

Physical Description:

1 online resource (294 p.)

Place of Publication:

Princeton, New Jersey : Princeton University Press, 1966.

Language Note:

In English.

Summary:

Can expectations alone explain the yield differentials among bonds of different maturities? To what extend do attitudes toward risk and transactions costs influence the behavior of bond investors? Is it possible for the Federal Reserve to "twist" the interest-rate structure in accordance with its policy objectives? These are among the questions treated.Originally published in 1966.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Contents:

Frontmatter

Preface

Contents

List of Figures

List of Tables

1. The Yield Curve: Methods of Construction and Historical Patterns

2. The Traditional Expectations Theory and Its Critics

3. An Alternative Formulation of the Expectations Theory

4. An Empirical Test of the Reformulated Expectations Hypothesis

5. Transactions Costs and the Term Structure of Interest Rates

6. Modifications for Institutional Preferences and Diverse Expectations: Some Empirical Evidence on Behavior Patterns

7. A Synthesis of the Expectations and Institutional Theories

8. Summary and Policy Implications

Glossary

Bibliography

Index

Notes:

A revised and expanded version of part 1 of the author's doctoral dissertation, Problems in the structure of financial markets, submitted to Princeton University, 1964.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-691-65025-X

1-4008-7978-7

OCLC:

966768227