Faff, R. W.; Howard, P. F. - In: Applied Economics Letters 4 (1997) 12, pp. 737-739
This paper provides evidence of the changing nature of interest-rate sensitivity of a banking and finance portfolio in Australia over the period 1978-1992. Specifically, the potential sensitivity to short- and long-term interest rate movements is examined in each of three subperiods (1978-1982,...