Question
a. Shortly explain how the liquidity preference theory of term structure differs from the expectations theory of term structure. b. Shortly explain how and why
a. Shortly explain how the liquidity preference theory of term structure differs from the expectations theory of term structure.
b. Shortly explain how and why the liquidity premium varies over the business cycle.
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
