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Multilateral loans and interest rates : further evidence on the seniority conundrum

Steinkamp, Sven; Westermann, Frank - 2016

During Europe's sovereign-debt crisis, interest rate spreads have been highly correlated with the share of multilateral loans that were considered senior to private markets. As both variables are potentially endogenous, we follow two different approaches to analyze the direction of causality....

Persistent link: https://www.econbiz.de/10011568242

Multilateral loans and interest rates : further evidence on the seniority conundrum

Steinkamp, Sven; Westermann, Frank - 2016

Persistent link: https://www.econbiz.de/10011569629

Interest rates modeling and forecasting : do macroeconomic factors matter?

Kuczera, Adam - 2017

Recent studies documented a sufficient forecasting performance of shadow-rate models in the low yields environment. Moreover, it has been shown that including the macro-variables into the shadow-rate models further improves the results. We build on these findings and evaluate for the U.S....

Persistent link: https://www.econbiz.de/10011659284

LIBOR : origins, economics, crisis, scandal, and reform

Hou, David; Skeie, David - 2014

The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....

Persistent link: https://www.econbiz.de/10010393220

The interest rate and capital durability, and the importance of methodological pluralism

Arkel, Roder van; Vermeylen, Koen - 2013

Champions of sustainable growth often call for more durable production technologies with less capital depreciation. As … investment in more durable capital is encouraged by lower interest rates, we investigate whether policy makers can steer the … economy towards a path with low interest rates in order to stimulate more durable capital formation. We study this question …

Persistent link: https://www.econbiz.de/10010227382

A note concerning government bond yields

Akram, Tanweer - 2020

This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...

Persistent link: https://www.econbiz.de/10012317613