Abstract
This chapter is concerned not with the general determinants of interest rates but with the special features determining interest rates in the eurobond market (a full treatment of interest rate theory can be found in for example Conard).1 The approach taken will be based on loanable funds theory, as liquidity preference theory does not seem particularly appropriate in this particular market in which the reasons for investment differ greatly from those in a conventional national market, as explained below.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Coward, Introduction to the Theory of Interest Rates (Berkeley: University of California Press, 1959).
Analysis based on Renato Cantoni, ‘Le marché des eurobonds à l’Italie’, Banque (1966);
discussed by G. Dufey, The Eurobond Market: Function and Future (Seattle: University of Washington Graduate School of Business Administration, 1969).
EEC Commission, The Development of a European Capital Market (Brussels, 1966) pp. 278–80.
W. J. Hopper, ‘Some Practical Aspects of Raising International Finance’, Moorgate and Wall Street Review (Autumn 1971).
Morri Mendelson, ‘The Eurobond and Capital Market Integration’, Journal cf Finance (Mar 1972), p. 119.
Morgan Guaranty Trust Co., World Financial Markets, 20 Nov 1973.
Author information
Authors and Affiliations
Copyright information
© 1975 Brian Scott Quinn
About this chapter
Cite this chapter
Quinn, B.S. (1975). Interest Rate Levels and Differentials. In: The New Euromarkets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-02603-6_12
Download citation
DOI: https://doi.org/10.1007/978-1-349-02603-6_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-02605-0
Online ISBN: 978-1-349-02603-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)