Search results for: “pure theory of law”
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Pure Expectations Theory
A theory that asserts that the forward rates exclusively represent the expected future rates. In other words, the entire term structure reflects the markets expectations of future short-term rates. For example, an increasing sloping term structure implies increasing short-term interest rates. […]
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Local Expectations Theory
A form of the pure expectations theory which suggests that the returns on bonds of different maturities will be the same over a short-term investment horizon….
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Liquidity Theory Of The Term Structure
A biased expectations theory that asserts that the implied forward rates will not be a pure estimate of the market’s expectations of future interest rates because they embody a liquidity premium….
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Government
Legal Definition and Related Resources of Government Meaning of Government The governing body of a community , a state , United States , territory, district , municipality , a commonwealth . See 11 U.S.C. §101(21). <div […]
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Return-To-Maturity Expectations
A variant of pure expectations theory which suggests that the return that an investor will realize by rolling over short-term bonds to some investment horizon will be the same as holding a zero-coupon bond with a maturity that is the same as that investment horizon….
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Expectations Hypothesis Theories
Theories of the term structure of interest rates which include the pure expectations theory, the liquidity theory of the term structure, and the preferred habitat theory. These theories hold that each forward rate equals the expected future interest rate for the relevant period. These three […]
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Biased Expectations Theories
Related: pure expectations theory….