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The purpose of this study is to identify sources of regime switching in short-term interest rates for Canada. The choice of information variables is based on three well-known hypotheses about interest rates: the expectations hypothesis, the Fisher relationship, and the condition for uncovered...
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Hong Kong. It further explores the impact of interest volatility on interest rates. Over the period of February 1988 to … influence of money-market rate adjustment and volatility on retail rates in short-run, we find robust evidence that there exist … supports the hypothesis of the collusive pricing arrangements. Furthermore, interest volatility should cause a smaller margin …
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