Mansur, Iqbal; Elyasiani, Elyas - In: Managerial Finance 21 (1995) 7, pp. 57-77
This study attempts to determine whether the level and volatility of interest rates affect the equity returns of commercial banks. Short‐term, intermediate‐term, and long‐term interest rates are used. Volatility is defined as the conditional variance of respective interest rates and is...