Please use this identifier to cite or link to this item: https://hdl.handle.net/10593/15753
Title: Teorie struktury stóp procentowych
Other Titles: Theories of interests rates structure
Authors: Gruszczyńska-Brożbar, Elżbieta
Issue Date: 1997
Publisher: Wydział Prawa i Administracji UAM
Citation: Ruch Prawniczy, Ekonomiczny i Socjologiczny, 59, 1997, z. 3, s. 77-87.
Abstract: The article presents and systematizes major economic theories of time structure of interest rates, depending on the maturity dates of credit instruments. The main considerations focus primarily on market factors, i.e. on demand and supply of monetary assets. Most of the attention has been paid to the publications which, through an explanation of changes within the interest rates structure, specify the mechanism of bond markets. In particular, the following theories are taken into consideration: the expectations theory, the liquidity preference theory, the market segmentation theory. The theories presented in the article provide basis for interpretation of empirical researchregarding the fluctuation of interest rates. Nevertheless, these interest rate changes on various markets can be explained by other theories that are based on more recent economic models.
Sponsorship: Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
URI: http://hdl.handle.net/10593/15753
ISSN: 0035-9629
Appears in Collections:Ruch Prawniczy, Ekonomiczny i Socjologiczny, 1997, nr 3

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