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https://ptsldigital.ukm.my/jspui/handle/123456789/487317Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Allen, David E. | - |
| dc.contributor.author | Manzur, Meher | - |
| dc.contributor.author | Morkel-Kingsbury, Nigel | - |
| dc.date.accessioned | 2023-10-11T03:30:34Z | - |
| dc.date.available | 2023-10-11T03:30:34Z | - |
| dc.identifier.uri | https://ptsldigital.ukm.my/jspui/handle/123456789/487317 | - |
| dc.description.abstract | This paper analyses the various hypotheses regarding the term structure of interest rates. We test the expectations hypothesis for four major countries, namely, the United States, the United Kingdom, Germany and Japan. The data rejects the expectations hypothesis and the results indicate the presence of a time varying term premium. To explain the results, we posit a relationship between the changes in the term premium and changes in the PPP real exchange rates. The empirical results lend support to this relationship. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Nanyang Business School, Nanyang Technological University | en_US |
| dc.subject | Interest rate | en_US |
| dc.subject | Purchasing power | en_US |
| dc.title | Interest rate term premia and purchasing power parity deviations: the missing link? | en_US |
| dc.type | Seminar Papers | en_US |
| dc.format.pages | 70 | en_US |
| dc.identifier.callno | HG4026.A536 1999 sem | en_US |
| dc.contributor.conferencename | Eleventh Annual PACAP/FMA Finance Conference | - |
| dc.coverage.conferencelocation | Pan Pacific Hotel, Singapore | - |
| dc.date.conferencedate | 1999-07-08 | - |
| Appears in Collections: | Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding | |
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