The expectations hypothesis implies that the yield curve provides information on the future change in the short-term interest rate. However, transaction costs exist in the ΓΏnancial market, which prevent investors from realizing the arbitrage opportunity, when the arbitrage does not fully cover the t
β¦ LIBER β¦
A note on nonlinear dynamics in the Spanish term structure of interest rates
β Scribed by Vicente Esteve
- Book ID
- 113664144
- Publisher
- Elsevier Science
- Year
- 2006
- Tongue
- English
- Weight
- 118 KB
- Volume
- 15
- Category
- Article
- ISSN
- 1059-0560
No coin nor oath required. For personal study only.
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