Cuthbertson, Keith; Hayes, Simon; Nitzsche, Dirk - In: Oxford Economic Papers 48 (1996) 3, pp. 397-414
Using a number of maturities of up to one year and weekly high quality data on U.K. certificate of deposit rates, 1975-92, the authors provide a variety of tests of the expectations hypothesis of the term structure. Their results appear to give more support to the expectations hypothesis than do...