Using principal components analysis, this paper derives a direct measure of movements in the level and slope of the certificate of deposit yield curve. App... Patricia,Fraser - 《Bulletin of Economic Research》 被引量: 7发表: 1995年 Certificate of Deposit Using principal components analysis, this...
Using principal components analysis, this paper derives a direct measure of movements in the level and slope of the certificate of deposit yield curve. Appealing to the efficient markets view of the term structure of interest rates, evidence is reported which suggests that changes in Treasury Bill...
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