TAILIEUCHUNG - Lecture Financial institutions, markets, and money (9th Edition): Chapter 6 - Kidwell, Blackwell, Whidbee, Peterson

Chapter 6 - The structure of interest rates. After studying this chapter you will be able to: Describe and explain the relationship between interest rates and the term-to-maturity of a financial instrument, explain the meaning and the measurement of default risk premiums, describe how tax treatment affects yield differences across different types of securities,. | Power Point Slides for: Financial Institutions, Markets, and Money, 9th Edition Authors: Kidwell, Blackwell, Whidbee & Peterson Prepared by: Babu G. Baradwaj, Towson University And Lanny R. Martindale, Texas A&M University CHAPTER 6 THE STRUCTURE OF INTEREST RATES Factors that Influence Interest Rate Differences Term to Maturity. Default Risk. Tax Treatment. Marketability. Term (Maturity) Structure May be studied visually by plotting a yield curve at a point in time A yield curve is a smooth line, which shows the relationship between maturity and a security's yield at a point in time. The yield curve may be ascending (normal), flat, or descending (inverted). Several theories explain the shape of the yield curve. Yield Curves in the 2000s - Exhibit Yield Curves and the Business Cycle Interest rates are directly related to the level of economic activity. An ascending yield curve notes the market expectations of economic expansion and/or inflation. A descending yield

• Tài chính doanh nghiệp
• Financial system
• Financial markets
• Commercial banking
• Financial institutions
• Default risk
• Tax treatment
• Lecture Accounting and financial system
• Financial statements
• Interpretation of financial statements
• Financial records
• Government grants
• Financial inclusion and growth of Indian banking system
• Financial inclusion of Indian banking system
• Growth of Indian banking system
• Challenges for financial inclusion
• Financial inclusion plays
• The financial system
• The payments system
• Interest rates
• Rates of return
• The stock market
• Financial market efficiency
• Determining interest rates
• Financial Instruments
• Modern financial system
• Flow of funds
• Financial claims
• Modern financial system
• Impact of globalisation
• Functions of the financial system