Yield Curve and Financial Risk Premia

Yield Curve and Financial Risk Premia

EnglishPaperback / softbackPrint on demand
Geiger Felix
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
EAN: 9783642215742
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The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book’s approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.
EAN 9783642215742
ISBN 3642215742
Binding Paperback / softback
Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Publication date August 17, 2011
Pages 260
Language English
Dimensions 235 x 155
Country Germany
Readership Professional & Scholarly
Authors Geiger Felix
Illustrations XIII, 260 p. 31 illus.
Series Lecture Notes in Economics and Mathematical Systems