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Abstract–The Term Structure of Interest Rates: A Micro Approach

Published online by Cambridge University Press:  19 October 2009

Gordon S. Roberts
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Extract

Much work on the term structure of interest rates has focused on comparing and testing opposing theories–expectations versus liquidity-preference versus hedging-pressure–using aggregated econometric models. This emphasis has resulted in a restricted view of the microeconomic behavior behind term-structure theory.

Type
Investments–Bonds
Information
Journal of Financial and Quantitative Analysis , Volume 9 , Issue 5 , November 1974 , pp. 899
Copyright
Copyright © School of Business Administration, University of Washington 1974

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