hanya tes
the best friends
jurnal internasional ainun
The Effect of Interest Rate Changes on the Common Stock Returns of Financial Institutions Abstract This paper examines the relation between the interest rate sensitivity of common stock returns and the maturity composition of the firm's nominal contracts. Using a sample of actively traded commerical banks and stock savings and loan associations, common stock returns are found to be correlated with interest rate changes. The co-movement of stock returns and interest rate changes is positively related to the size of the maturity difference between the firm's nominal assets and liabilities. Causal Relations Among Stock Returns, Interest Rates, Real Activity, and Inflation Abstact Using a multivariate vector-autoregression (VAR) approach, this paper investigates causal relations and dynamic interactions among asset returns, real activity, and inflation in the postwar United States. Major findings are (1) stock returns appear Granger-causally prior and help explain real...
Komentar
Posting Komentar