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Pure expectations theory
| Глоссарий экономических терминов |
A theory that asserts that forward rates exclusively represent the expected future rates. in other words, the entire term structure reflects the market`s expectations of future short-term rates. for example, an increasing slope to the term structure implies increasing short-term interest rates. related: biased expectations heories.
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Increasing, английский
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Conduit theory, английский
A theory that because investment companies are merely conduits for capital gains, dividends, and interest, which are in fact passed through to shareholders, the investment company should not be taxed at the corporate level.
Expectations theory of forward exchange rates, английский
A theory of foreign exchange rates that states that the expected future spot foreign exchange rate t periods from now equals the current t-period forward exchange rate.
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