Interest Rates and the Structure of Interest Rates

Pamela P. Drake, Frank J. Fabozzi and Francesco A. Fabozzi

Chapter 21 in Introduction to Finance:Financial Management and Investment Management, 2022, pp 619-641 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Even a casual examination of the financial pages lends support to the idea that nobody talks about an “interest rate.” There are interest rates reported for borrowing money and investing. These rates are not randomly determined; i.e., there are factors that systematically influence how interest rates on different types of loans and debt instruments vary from each other. We refer to this as the structure of interest rates and we discuss the factors that affect this structure in this chapter.

Keywords: Financial Management; Investment Management; Derivatives; Common Stock; Bonds; Company Analysis; Entrepreneurial Finance; Financial Instruments; Financial System; Financial Statements; Time Value of Money; Yields; Present Value; Future Value; Financial Strategy; Dividend Policy (search for similar items in EconPapers)
JEL-codes: G1 G3 N2 O16 (search for similar items in EconPapers)
Date: 2022
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