Term structure of interest rate: an empirical test of the expectation hypothesis on the Malaysian T- Bill Market
Interrelationship between short and long term rates is vital in the understanding of interest rate behaviOur expectation hypothesis claims that the yield of the long term instrument is equal to the average of the short term rates that prevail over the long term period. According to the theory, the u...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1993
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| Online Access: | http://journalarticle.ukm.my/7940/ http://journalarticle.ukm.my/7940/ http://journalarticle.ukm.my/7940/1/769-1470-1-SM.pdf |