tailieunhanh - The pure expectations theory and quarterly interest rate premiums
This hypothesis is theoretically appealing and may measure the extent of financial efficiency, and the power of arbitrage, meaning that financial anomalies, due to fads for example, little exist. This paper looks upon fourteen samples of investments for which the difference in maturity is three months and provides various tests that support the hypothesis of risk neutrality. | The pure expectations theory and quarterly interest rate premiums
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