1st Edition

A Structural Model of the U.S. Government Securities Market





ISBN 9780815350521
Published June 25, 2019 by Routledge
306 Pages

USD $40.00

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Book Description

Originally published in 1979. This study focuses primarily on the development of a structural model for the U. S. Government securities market, ie. the specification and estimation of the demands for disaggregated maturity classes of U.S. Government securities by the individual investor groups participating in the market. A particularly important issue addressed involves the extent of the substitution relationship among different maturity classes of U.S. Government securities.

Table of Contents

Preface 1. Introduction 2. Microeconomic Foundations of Asset Demand Equations 3. Properties of Asset Demand Equations Derived from Mean-Variance Analysis: Some General Results 4. The Portfolio Selection Problem of Depository Financial Intermediaries, and the Demand for U.S. Government Securities 5. Empirical Results for the Structural Model of the U.S. Government Securities Market 6. Summary and Conclusions

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Author(s)

Biography

V. Vance Roley is Dean of the University of Hawaii at Mānoa's Shidler College of Business.