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  • 标题:Implied rate correlations and policy expectations
  • 本地全文:下载
  • 作者:Allan M. Malz
  • 期刊名称:FRBSF Economic Letter
  • 出版年度:2013
  • 卷号:2013
  • 出版社:Federal Reserve Bank of San Francisco
  • 摘要:Certain financial instruments provide information on expectations of future interest rate movements. One relatively new instrument is yield curve options, which allow investors to take financial positions on a range of possible future interest rates. These options can shed light on the views of financial markets regarding future monetary policy at a time when short-term interest rates are near zero.
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