How Long to Read Term Structure Models with Parallel and Proportional Shifts

How Long Does it Take to Read Term Structure Models with Parallel and Proportional Shifts?

It takes the average reader and 23 minutes to read Term Structure Models with Parallel and Proportional Shifts by Frederik Armerin

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

Description

We investigate the possibility of an arbitrage free model for the term structure of interest rates where the yield curve only changes through a parallel shift. We consider HJM type forward rate models driven by a multidimensionalWiener process as well as by a general marked point process. Within this general framework we show that there does indeed exist a large variety of nontrivial parallel shift term structure models, and we also describe these in detail. We also show that there exists no nontrivial flat term structure model. The same analysis is repeated for the similar case, where the yield curve only changes through proportional shifts. Key words: bond market, term structure of interest rates, flat term structures.

How long is Term Structure Models with Parallel and Proportional Shifts?

Term Structure Models with Parallel and Proportional Shifts by Frederik Armerin is 23 pages long, and a total of 5,819 words.

This makes it 8% the length of the average book. It also has 7% more words than the average book.

How Long Does it Take to Read Term Structure Models with Parallel and Proportional Shifts Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 31 minutes to read Term Structure Models with Parallel and Proportional Shifts aloud.

What Reading Level is Term Structure Models with Parallel and Proportional Shifts?

Term Structure Models with Parallel and Proportional Shifts 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.

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