On Interest Rates and Asset Prices in Europe

The Selected Essays of Martin M.G. Fase

Inbunden, Engelska, 1999

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Beskrivning

This book presents a quarter of a century of empirical research on interest rates and a variety of asset prices. It will serve to deepen our understanding of asset price inflation. The book includes extensive analysis of the measurement of interest rates, with case studies from The Netherlands, Belgium and EMU, and emphasizes statistical measurement and the attempt to understand interest rate behaviour through statistical estimation. The book also includes an examination of historical interest rate development in the long run, both theoretically and empirically. In conclusion, Professor Fase also analyses the behaviour of bonds, stocks and investment in art and examines the factors indispensable for a monetary strategy designed to target inflation.

Produktinformation

Utgivningsdatum:1999-01-27
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Förlag:Edward Elgar Publishing Ltd
ISBN:9781840640205

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Mer om författaren

The late Martin M.G. Fase, formerly Deputy Executive Director, De Nederlandsche Bank and formerly Professor of Monetary Economics, University of Amsterdam, The Netherlands

Innehållsförteckning

Contents: Introduction Part I: On Interest Rates 1. A Principal Components Analysis of Market Interest Rates in The Netherlands, 1962–1970 2. The Interdependence of Short-term Interest Rates in the Major Financial Centres of the World 3. On Interest Rates in Belgium and The Netherlands 4. International Convergence of Capital Market Interest Rates 5. Bond Yields and Expected Inflation 6. Anticipated Inflation and Interest Rates in an Open Economy 7. The Fisher Hypothesis and Exchange Rates in EMU 8. The Demand for Mortgage Credit and the Mortgage Rate in The Netherlands 9. Seventy Years of Interest Rates Part II: On Asset Prices 10. Index-linked Bonds and Inflation Risk in EMU 11. Price Determination on the Equity Market 12. The Linkage of Stock Exchange Markets Between Countries 13. The Interaction Between Trading Volume of Stocks and Options 14. The Equity Premium Puzzle 15. The Risk Premium on Equity in Core EMU 16. Purchase of Art Bibliography Index