{"title":"“常态化”无风险利率:虚构还是科幻?","authors":"Pablo Fernández","doi":"10.2139/ssrn.3708863","DOIUrl":null,"url":null,"abstract":"As interest rates on Government Bonds have decreased, some analysts and consultants in Europe and in the US are using what they call “Normalized Risk-Free rate”. \n \nWe show several inconsistencies and errors in the use of “Normalized Risk-Free rate”. \nSection 5 is a short case that may be used in class. It contains 26 interesting comments.","PeriodicalId":208149,"journal":{"name":"Finance Educator: Courses","volume":"40 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"'Normalized' Risk-Free Rate: Fiction or Science Fiction?\",\"authors\":\"Pablo Fernández\",\"doi\":\"10.2139/ssrn.3708863\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"As interest rates on Government Bonds have decreased, some analysts and consultants in Europe and in the US are using what they call “Normalized Risk-Free rate”. \\n \\nWe show several inconsistencies and errors in the use of “Normalized Risk-Free rate”. \\nSection 5 is a short case that may be used in class. It contains 26 interesting comments.\",\"PeriodicalId\":208149,\"journal\":{\"name\":\"Finance Educator: Courses\",\"volume\":\"40 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-10-10\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Educator: Courses\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3708863\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Educator: Courses","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3708863","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
'Normalized' Risk-Free Rate: Fiction or Science Fiction?
As interest rates on Government Bonds have decreased, some analysts and consultants in Europe and in the US are using what they call “Normalized Risk-Free rate”.
We show several inconsistencies and errors in the use of “Normalized Risk-Free rate”.
Section 5 is a short case that may be used in class. It contains 26 interesting comments.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
