The Determination of Interest Rates
Studiu
15-12-1999
Everyone believes that they know what an interest rate is. This study, however, examines some of the theoretical and practical complexities: the differences between interest, rent and profit; between nominal and real rates; between long and short rates; and how these interact. It looks, in particular, at how changes in short-term rates feed through into financial markets; and how the level of long-term rates influences the real economy. Finally, it examines the development of rates in the ¿ area since the beginning of 1999, and the conduct of monetary policy by the European Central Bank.
Studiu
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Despre acest document
Tipul publicației
Domeniul tematic
Cuvânt-cheie
- Banca Centrală Europeană
- conturi naţionale
- credit de consum
- dobândă
- ECONOMIE
- economie monetară
- economisire
- FINANŢE
- finanţe publice şi politică bugetară
- instituţii financiare şi de credit
- Instituțiile Uniunii Europene și funcția publică europeană
- libera circulaţie a capitalului
- obligațiune
- piață financiară
- preţuri
- rată a scontului
- Sistemul European al Băncilor Centrale
- stabilitatea prețurilor
- UNIUNEA EUROPEANĂ
- împrumut public