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.
General
Imprint: |
Taylor & Francis
|
Country of origin: |
United Kingdom |
Series: |
Routledge Revivals |
Release date: |
April 2022 |
First published: |
1960 |
Authors: |
Ralph Turvey
|
Dimensions: |
216 x 138mm (L x W) |
Format: |
Hardcover
|
Pages: |
100 |
ISBN-13: |
978-1-03-225455-5 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
1-03-225455-6 |
Barcode: |
9781032254555 |
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