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| Author: | Vasicek, O.A. |
| Title: | The economics of interest rates |
| Journal: | Journal of Financial Economics
2005 : MAY, VOL. 76:2, p. 293-307 |
| Index terms: | Equilibrium analysis Term structure of interest rates Utility theory |
| Language: | eng |
| Abstract: | This article examines the behavior of investors and tries to explain what determines interest rates. The paper derives conditions under which a theoretic economy is in equilibrium, and obtains equations determining interest rates. |
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