IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-23372-4_8.html
   My bibliography  Save this book chapter

Interest Rate Relationships and Immunization Techniques

In: The Economics of Financial Reform in Developing Countries

Author

Listed:
  • Wilbert O. Bascom

    (State of Florida)

Abstract

An objective of financial reform in developing countries has been to deregulate interest rates and allow the markets to determine their level and structure. But once deregulation has effectively been implemented, real interest rates have been established and formal and informal financial markets integrated, there are some important financial market implications to be considered. Liberalization can result in a sharp rise in the level and volatility in interest rates, particularly in countries with high and unstable inflation rates. Financial strategies that, in a relatively stable interest rate environment, produce a reasonable return on assets net of costs of funds, may not be as effective when rates are higher and more volatile.

Suggested Citation

  • Wilbert O. Bascom, 1994. "Interest Rate Relationships and Immunization Techniques," Palgrave Macmillan Books, in: The Economics of Financial Reform in Developing Countries, chapter 8, pages 102-115, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23372-4_8
    DOI: 10.1007/978-1-349-23372-4_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-23372-4_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.