Bohm-Bawerk and his follovers took it pretty much for granted that an increase in the rate of interest would induce users of fixed capital, and thereby the economy in the agreegate, to economize on the need for stocks of fixed capital by resorting to methods of production with shorter average...

The liberalisation of capital flows makes in the Romanian economy vulnerable to the important and presumably unstable capitals.

An important recent development in the pricing of interest rate derivatives is the emergence of models that incorporate lognormal volatilities for forward Libor or forward swap rates while keeping interest rates stable. These market models have three attractive features: they preclude arbitrage...

In this paper we present a model of international interest rate arbitrage under conditions of entry and exit costs to and from the domestic capital market. We seek to measure the maximum potential effect of capital controls, such as non-interest paying reserve requirements, on interest rate...

The purpose of thia paper is to examine the link between real interest rates in a group of OECD countries. The paper will also attempt to investigate the extent to which real interest reates are influenced by the movements of real rates in larger economies.