Multiple interest rate analysis: theory and applications

Osborne, Michael J (2014) Multiple interest rate analysis: theory and applications. Palgrave Macmillan. ISBN 9781137372765

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Abstract

Multiple interest rate analysis studies all possible interest rates solving the time value of money equation. These interest rates include not only the orthodox interest rates of conventional economics, but also the unorthodox rates that are complex-valued and deeply negative, real-valued numbers. The analysis attempts to reverse the impact of four centuries’ neglect of these unorthodox interest rates by demonstrating their use and meaning. The unorthodox rates are incorporated into a variety of analyses by converting conventional time value of money equations containing the orthodox rates of interest into ‘dual’ expressions containing all rates. Dual expressions are employed to solve long-standing puzzles, eliminate anomalies, and draw revised conclusions about best practice and sound policy advice in various areas of economics and finance. The topics include retail and corporate finance, capital budgeting and investment appraisal, bond risk management, and capital theory.

Item Type: Book
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences > HB Economic theory. Demography > HB0075 History of economics. History of economic theory Including special economic schools
H Social Sciences > HB Economic theory. Demography > HB0201 Value. Utility
H Social Sciences > HB Economic theory. Demography > HB0221 Price
H Social Sciences > HB Economic theory. Demography > HB0501 Capital. Capitalism
H Social Sciences > HD Industries. Land use. Labour > HD0028 Management. Industrial Management > HD0039 Capital. Capital investments
H Social Sciences > HG Finance > HG0179 Personal finance
H Social Sciences > HG Finance > HG1501 Banking > HG1621 Interest rates. Interest tables
H Social Sciences > HG Finance > HG1501 Banking > HG1641 Bank loans. Bank credit. Commercial loans
H Social Sciences > HG Finance > HG3691 Credit. Debt. Loans
H Social Sciences > HG Finance > HG4001 Finance management. Business finance. Corporation finance
H Social Sciences > HG Finance > HG4501 Investment, capital formation, speculation > HG4701 Government securities. Industrial securities. Venture capital
H Social Sciences > HJ Public Finance > HJ7461 Expenditures. Government spending
H Social Sciences > HJ Public Finance > HJ9103 Local finance. Municipal finance Including the revenue, budget, expenditure, etc. of counties, boroughs, communes, municipalities, etc.
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Depositing User: Michael Osborne
Date Deposited: 08 Jan 2014 15:04
Last Modified: 08 Apr 2016 10:56
URI: http://sro.sussex.ac.uk/id/eprint/47296
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