The term structure of interest rates in Denmark 1982-89: testing the rational expectations/constant liquidity premium theory

Article Abstract:

The rational expectations/constant liquidity premium theory is validated against the term structure of interest rates in Denmark from Oct 1982 to Aug 1989. A single-equation regression test, volatility test and test based on cointegrated VAR-model was applied to determine the integrity of the model. The tests showed results consistent with the rational expectations theory even when interest rates followed non-stationary stochastic processes.

Models, Economic aspects, Denmark, Economic policy, Interest rates, Liquidity (Finance)

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Wave behaviour of mergers and acquisitions in the UK: a sectoral study

Article Abstract:

A study was conducted to analyze the presence of wave behaviour in mergers and acquisitions in the UK. Sectoral data and a Markov-switching framework were utilized to carry out the analysis. Results indicated that mergers and acquisitions occur in waves and correlates with a two regimes specification. In addition, sectoral waves in mergers and acquisition activity waves support critical co-movements.

United Kingdom, Acquisitions and mergers

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Nonlinear dynamics in expectations: An empirical study

Article Abstract:

Expectations data and its consistency with nonlinear dynamics, is examined.

Research, Usage, Nonlinear functional analysis

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