The Yield Curve and Financial Risk Premia

Implications for Monetary Policy de

Éditeur :

Springer


Collection :

Lecture Notes in Economics and Mathematical Systems

Paru le : 2011-08-17

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Description
The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book’s approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.
Pages
260 pages
Collection
Lecture Notes in Economics and Mathematical Systems
Parution
2011-08-17
Marque
Springer
EAN papier
9783642215742
EAN PDF
9783642215759

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
26
Taille du fichier
5028 Ko
Prix
94,94 €
EAN EPUB
9783642215759

Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
26
Taille du fichier
8970 Ko
Prix
94,94 €