Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
The Need for a Financial System? Read chapter Read first chapter

2018 | OriginalPaper | Chapter

6. The Term Structure of Interest Rates

Author : D. Gareth Thomas

Published in: The Creators of Inside Money

Publisher: Springer International Publishing

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

If the banks have some control over the endogenous money supply, then they partly determine the market rates of interest in the borrowing and saving process on various terms through a mark-up on the ‘bank’ rate set by the Central Bank. The link between the rates implies that they could well be formed by the term structure through either the expectations theory or an imperfect configuration of it, with an empirical illustration.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter The Rate of Interest and the New Monetary Theory of Loanable Funds
next chapter The Loanable Funds Cycle and the Variability of the Deposit Base
Appendix
Available only for authorised users
Literature
Campbell, J. Y., & Shiller, R. J. (1987). Co-integration and Tests of Present Value Models. Journal of Political Economy, 95, 1062–1088.CrossRef
Carlson, J. (1977, Winter). A Study of Price Forecasts. Annals of Economic and Social Measurement, 6(1), 27–56.
Cronshore, D. (1997, March/April). The Livingston Survey: Still Useful After all These Years. Federal Bank of Philadelphia, Business Review, 2, 1–12.
Cuthbertson, K. (1996). The Expectations Hypothesis of the Term Structure: The U.K. Interbank Market. Economic Journal, 106, 578–592.CrossRef
Cuthbertson, K., & Nitzsche, D. (2004). Quantitative Financial Economics (2nd ed.). Chichester: Wiley.
Fender, J. (2012). Monetary Policy (Ch. 12). Chichester: Wiley.
Goodhart, C. A. E. (1989). Money, Information and Uncertainty (Ch. 11). London: Macmillan.CrossRef
Hall, A. D., Anderson, H. M., & Granger, C. W. J. (1992). A Cointegration Analysis of Treasury Bill Yields. Review of Economics and Statistics, 74, 116–126.CrossRef
Hicks, J. R. (1946). Value and Capital (2nd ed.). Oxford: Clarendon Press.
Howells, P., & Bain, K. (2008). The Economics of Money, Banking and Finance: A European Text (5th ed., Ch. 10). Harlow: Pearson Education Limited.
Hubbard, R. H. (1997). Money, the Financial System and the Economy (2nd ed.). Reading: Addison Wesley.
Mishkin, F. S. (2016). The Economics of Money, Banking, and Financial Markets (11th ed., Ch. 6). Harlow: Pearson Education Limited.
Mishkin, F. S., & Eakins, S. G. (2016). Financial Markets and Institutions (3rd ed., Ch. 5). Reading: Addison Wesley.
Pesando, J. E. (1975, August). A Note on the Rationality of the Livingston Price Expectations. Journal of Political Economy, 83, 849–855.CrossRef
Pesaran, B., & Wright, G. (1995). The Use of Spreads in Forecasting Medium Term U.K. Interest Rates (Working Paper). University of East London.
Pilbeam, K. (2010). Finance and Financial Markets (2nd ed., Ch. 4). Basingstoke: Palgrave Macmillan.
Shiller, R. J. (1990). The Term Structure of Interest Rates. In B. M. Freidman & E. H. Hahn (Eds.), Handbook of Monetary Economics (Vol. 1). Amsterdam: North-Holland.
Sollis, R. (2012). Empirical Finance for Finance and Banking. Chichester: Wiley.
Metadata
Title
The Term Structure of Interest Rates
Author
D. Gareth Thomas
Copyright Year
2018
Book
The Creators of Inside Money

Print ISBN: 978-3-319-90256-2

Electronic ISBN: 978-3-319-90257-9

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-90257-9_6