Please use this identifier to cite or link to this item: https://hdl.handle.net/11000/31878
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dc.contributor.authorBrotons, Jose M-
dc.contributor.authorAntonio, Terceño-
dc.contributor.otherDepartamentos de la UMH::Estudios Económicos y Financieroses_ES
dc.date.accessioned2024-04-10T07:28:01Z-
dc.date.available2024-04-10T07:28:01Z-
dc.date.created2010-
dc.identifier.citationECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, 2010es_ES
dc.identifier.issn1842–3264-
dc.identifier.urihttps://hdl.handle.net/11000/31878-
dc.description.abstractSeveral papers in the financial literature propose using fuzzy numbers (FNs) to model interest rate uncertainty and to adjust the temporal structure of interest rate (TSIR). In this paper we propose a methodology to test the pure expectations theory in an uncertain environment. Prices and internal rate of returns (IRRs) observed in the government debt market shall be considered fuzzy numbers. The fuzzy test, contrary to the classical approach, leads not yo the binary decision: to reject or to accept a given null hypothesis, but to a fuzzy decision showing a grade of acceptability of the null and the alternative hypotheses, respectively. The study concludes with and application to the Spanish public debt market for the period 2005-2007, which also allows results to be compared from both fuzzy and crisp environments.es_ES
dc.formatapplication/pdfes_ES
dc.format.extent10es_ES
dc.language.isoenges_ES
dc.publisherBucharest University of Economic Studieses_ES
dc.rightsinfo:eu-repo/semantics/closedAccesses_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectFinancees_ES
dc.subjectTerm structure of interest rateses_ES
dc.subjectTesting pure expectations theoryes_ES
dc.subjectforward ratees_ES
dc.subjectspot ratees_ES
dc.subject.otherCDU::3 - Ciencias sociales::33 - Economíaes_ES
dc.titleRisk premium in the Spanish Market: an empirical studyes_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
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