Abstract
We start this book on financial economics with money, bonds and interest rates. Interest rates are major determining factors for asset markets. Interest rate processes are important for credit markets, equity markets, commercial paper markets, foreign exchange markets and security pricing such as stocks, bonds and options. Interest rates are important for real activity, consumption and investment spending. Interest rate spreads and the term structure of interest rates affect asset markets as well as real activity. In this chapter we study some major issues in the theory and empirics of interest rates. We will give here only some elementary expositions.
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© 2011 Springer-Verlag Berlin Heidelberg
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Semmler, W. (2011). Money, Bonds and Interest Rates. In: Asset Prices, Booms and Recessions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-20680-1_2
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DOI: https://doi.org/10.1007/978-3-642-20680-1_2
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-20679-5
Online ISBN: 978-3-642-20680-1
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