The role of expectations in interest-rate determination
The purpose of this paper is to understand the role of expectations in the determination of interest rates in the Philippines. The study focused on the interest rates of Philippine Treasury Bills from 1970 to 1980. The results show that the market forecast of the future levels of interest rates and...
| Published in: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXI, no. 1 & 2 (Mar. 1984 - Jun. 1984), 77-99 |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
1984
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| Subjects: |