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Expectations and the term structure of interest rates

Reserve Bank of New Zealand

Published date:

01 December 1993

Reference:

Vol. 56. No. 4. December 1993

Expectations and the term structure of interest rates

PDF | 2MB

This article discusses the relationship between interest rates of alternative maturity. Some of the underlying concepts used are somewhat complicated. Nevertheless, care has been taken to use a step-by-step approach and the article should be reasonably accessible to interested readers.