Isbn: 9781332252572 - a behavioral theory of interest rate formation (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book breaks with tradition to unveil the psychological mechanisms underlying the pivotal force of interest rates on our economy. The author, an expert in system dynamics and behavioral economics, reveals the hidden workings of a dynamic market where liquidity pressures on intermediaries influence the setting of risk-free interest rates through an adjustment to an âunderlying interest rateââ" essentially the rate to which people have grown accustomed. Grounded in empirical research at both individual and macroeconomic levels, this book confirms the validity of the theory. It will fascinate economists, policymakers, and financial professionals seeking to truly grasp the drivers of this fundamental economic force. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…