Interest Rate Competition, Structure and Forecasting

Wilbert O. Bascom
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Wilbert O. Bascom: First Equity Corporation

Chapter 3 in Bank Management and Supervision in Developing Financial Markets, 1997, pp 36-54 from Palgrave Macmillan

Abstract: Abstract An important objective of asset-liability management is to minimize the exposure of a bank’s net operating cash flow, and its equity, to changes in interest rates. Achieving this objective would be facilitated if bank management in developing financial markets clearly understands the nature of interest rate competition and the relationship between yields, prices and maturities of investment securities. In addition, the achievement of this objective is facilitated if management has the ability to forecast interest rate changes, and appropriately adjust the bank’s portfolios to these changes.

Keywords: Interest Rate; Monetary Policy; Financial Market; Money Supply; Yield Curve (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37239-9_3

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DOI: 10.1057/9780230372399_3

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