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Nedoumica ročne premije - moguće objašnjenje
Univerzitet u Nišu, Ekonomski fakultet
Ključne reči: kriva prinosa; ročna premija; premija likvidnosti; neizvesnost; teorija banke
Sažetak
Već izvesno vreme u ekonomskoj nauci ostaje neobjašnjena značajna razlika u prinosima na državne hartije od vrednosti u kratkom roku dospeća, tj. nagib krive prinosa na njenom samom početku. Ovaj fenomen je poznat kao 'nedoumica ročne premije'. Aktuelna teorija zasnovana na modelu potrošnje ne uspeva da objasni ni jedan broj ostalih emprijski dokazanih pojava na finansijskom tržištu. U ovom radu ponudićemo rešenje ove nedoumice. Značaj naših nalaza seže dalje od pomenute svrhe. Sam koncept se već uspešno koristi u objašnjenju mnogih pojava u oblasti razvoja institucija, na primer finansijskih posrednika, a može se upotrebiti u reformulisanju modela ekvilibrijuma na finansijskom tržištu kao i teorije finansijskih kriza i ostalih poremećaja.
Reference
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O članku

jezik rada: engleski
vrsta rada: neklasifikovan
objavljen u SCIndeksu: 02.06.2007.