dc.contributor.author | Musyoki, Danson | |
dc.date.accessioned | 2013-05-10T11:44:44Z | |
dc.date.available | 2013-05-10T11:44:44Z | |
dc.date.issued | 2002 | |
dc.identifier.citation | Doctor of philosophy, school of business, | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/21326 | |
dc.description.abstract | The term structure of interest rates refers to the relationship between interest and maturity period. This
study examines the properties of term structure of interest rates. The subject of interest rates has
dominated much of economic and business thinking in recent years both for academicians and
practitioners. The term structure of Interest rates is an important mechanism for transmission of
macroeconomic policies in any country.
Through extensive review of theoretical and empirical literature, the study mainly examines the research
findings validity of the expectations hypothesis. Attempt to review the premium preference theory, market
segmented theory and the preferred habitat theory is also done. In conclusion the evidence from the
literature supports expectations hypothesis that the forward rates have power to forecast future rates on the
short run while studies surveyed strongly reject the expectations theory especially when the theory is tested
in the long run. | en |
dc.description.sponsorship | University of Nairobi | en |
dc.language.iso | en | en |
dc.title | Term structure of interest rates in Kenya: a review of evidence | en |
dc.type | Thesis | en |
local.publisher | school of Business, University of Nairobi | en |