How Long to Read The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work

How Long Does it Take to Read The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work?

It takes the average reader and 41 minutes to read The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work by Christoph Müller

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

Description

Seminar paper from the year 2007 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, Baden-Wuerttemberg Cooperative State University (DHBW), 22 entries in the bibliography, language: English, abstract: In February 2005, Fed's Chairman Alan Greenspan wondered why the long end of the yield curve did not show any reaction to the hiking prime rate. Normally, a hiking prime rate gets through the complex transmittance-mechanism to the long end of a yield curve. But in this cycle since June 2004, nothing changed at the long end. An explanation via the classic interest theories does not come to a satisfiying result, so the situation must be explained by the actual circumstances. The main reason is a very high liquidity which has its origin in the last economic cycle. The excessive investments in 1999 and 2000 still keep the enterprises busy. They do not invest in fixed assets, which would mean a higher capital demand, but on the capital market; and they pay back their debts, which also leads to a falling yield. The liquidity supply from east asia causes a high demand for US-$ - bonds as well. China for example holds more than one trillion US-$ as monetary reserve to keep their exchange rate low. A combination of many more, different facts, which deserve closer attention, lead to the answer to Greenspan's conundrum.

How long is The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work?

The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work by Christoph Müller is 41 pages long, and a total of 10,291 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 56 minutes to read The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work aloud.

What Reading Level is The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work?

The Transmittance of Changes of the Prime Rate to the Long End of the Yield Curve - and why it Actually Does Not Work is suitable for students ages 8 and up.

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