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Expectations hypothesis theories
| Глоссарий экономических терминов |
Theories of the term structure of interest rates, which include the pure expectations theory; the liquidity theory of the term structure, and the preferred habitat theory. these theories hold that each forward rate equals the expected future interest rate for the relevant period. these three theories differ, however, on whether other factors also affect forward rates, and how.
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Product cycle theory, английский
Theory suggesting that a firm initially establish itself locally and expand into foreign markets in response to foreign demand for its product; over time, the mnc will grow in foreign markets; after some point, its foreign business may decline unless it can differentiate its product from competitors.
Equivalent taxable yield, английский
The yield that must be offered on a taxable bond issue to give the same after-tax yield as a tax-exempt issue.
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