دانلود مقاله ISI انگلیسی شماره 47447
عنوان فارسی مقاله

مدل سازی چرخه نرخ بهره در هند

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
47447 2008 17 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Modeling interest rate cycles in India ☆
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Policy Modeling, Volume 30, Issue 5, September–October 2008, Pages 899–915

کلمات کلیدی
نرخ بهره - چرخه - قیمت ارز - تورم - پیش بینی - هندوستان
پیش نمایش مقاله
پیش نمایش مقاله مدل سازی چرخه نرخ بهره در هند

چکیده انگلیسی

The present study tries to examine the behaviour of various Indian interest rates such as call money rate, and yields on secondary market securities with maturity periods of 15–91 days, 1-year, 5-years and 10-years. In the first stage, the study investigates the determinants of interest rates and finds that although the interest rates depend on some domestic macroeconomic variables such as yield spread and expected exchange rate, they are mainly affected by the movements of international interest rates, although with some lags. The policy variables such as Bank Rate and Federal Funds Rate did not show any significant impact on any of the interest rates. Further, it was found that the interest rates in the very recent period show some cyclical movements similar to that of the developed countries. Future behaviour of interest rates show that the present cycle of each interest rate would peak at different time points. This expected behaviour in domestic interest rates could be due to the integration of the domestic economy with the international money and financial market. This trend may be same in most of the emerging economies of Asia.

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