eBook - ePub

Interest Rates and Asset Prices

Name: Interest Rates and Asset Prices
ISBN: 9781000579895

Ralph Turvey,

100 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Interest Rates and Asset Prices

Ralph Turvey,

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 & Business General. We have over one million books available in our catalogue for you to explore.