Deposit interest rates, asset risk and bank failure in Croatia
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In addition, we only provide data at maturities where we think the curve can be fitted so that it isstable and meaningful. Instability arises when small movements in bond prices lead tounrealistically large moves in the estimated yield curves, essentially because there is not enoughinformation from observed prices at a given maturity to allow us to fit that segment of the curve.This is usually a problem at short maturities where we require more information because we expectthe short end of the yield curve to exhibit the greatest amount of structure. This is becauseexpectations about the future path of...
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Deposit interest rates, asset risk and bank failure in Croatia
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Deposit interest rates, asset risk and bank failure in Croatia
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