How Long to Read Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment

How Long Does it Take to Read Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment?

It takes the average reader and 26 minutes to read Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment by Mr.Ralph Chami

Assuming a reading speed of 250 words per minute. Learn more

Description

Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a market stochastic discount factor that is non-linear and therefore consistent with the empirical properties of cashflow valuations identified in the literature. We provide evidence that non-linearities arise from hedging strategies of investors exposed to interest rate risk. Capital losses are amplified when interest rates increase and risk averse investors have taken positions on instruments with longer maturity, expecting instead interest rates to revert back to their historical average.

How long is Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment?

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment by Mr.Ralph Chami is 26 pages long, and a total of 6,656 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment aloud.

What Reading Level is Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment?

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment?

Riding the Yield Curve: Risk Taking Behavior in a Low Interest Rate Environment by Mr.Ralph Chami is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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