A biased expectations theory that believes the term structure reflects the expectation of the future path of interest rates as well as risk premium. The theory rejects the assertion that the risk premium must rise uniformly with maturity, but instead profits that to the extent that the demand for and supply of funds do not match for a given maturit...
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm
A biased expectations theory that believes the term structure reflects the expectation of the future path of interest rates as well as risk premium. However, the theory rejects the assertion that the risk premium must rise uniformly with maturity. Instead, to the extent that the demand for and supply of funds does not match for a given maturity ran...
Found on
http://www.encyclo.co.uk/local/20047
A biased expectations theory that believes the term structure reflects the expectation of the future
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
