Interest Rates and Asset Prices
eBook - ePub

Interest Rates and Asset Prices

  1. 100 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Interest Rates and Asset Prices

Book details
Table of contents
Citations

About This Book

First published in 1960, Interest Rates and Asset Prices presents an analysis of the determination of interest rates and asset prices with the help of few simple assumptions. The theory can be regarded either as an alternative to the liquidity preference theory or as an extension of it. Like that theory, it is aggregative and simple, but it is applicable not only to interest rates on government securities but also to yields on real assets. Furthermore, it can be formulated in terms of actually measurable variables, so that it is directly applicable to particular situations. This is demonstrated by a statistical example relating to the average yield on U.S. Government securities in the post- war period. In addition to the main analysis the author discusses the role of financial intermediaries and the structure of interest rates, and there is also a re-examination of the determinants of the transactions demand for money. This is book is an essential read for students of economics.

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Yes, you can access Interest Rates and Asset Prices by Ralph Turvey in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Routledge
Year
2022
ISBN
9781000579895
Edition
1
Topic
Business
Subtopic
Finance
Index
Business

Table of contents

  1. Cover
  2. Half Title
  3. Title
  4. Copyright
  5. Original Title
  6. Original Copyright
  7. Dedication
  8. PREFACE
  9. Contents
  10. I. Introduction
  11. II. Bond Preference and Liquidity Preference
  12. III. The Transactions Motive for holding money
  13. IV. The Influence of Income and of Real Assets
  14. V. The Consolidation of the Private Sector
  15. VI. Applying the Theory
  16. VII. The Pattern of Private Indebtedness
  17. VIII. Long-and Short-term Rates of Interest
  18. IX. Further Developments
  19. INDEX