A test of the expectations hypothesis of the term structure of interest rates for Sri Lanka

C-Tier
Journal: Applied Economics
Year: 2003
Volume: 35
Issue: 17
Pages: 1819-1827

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper tests the expectations hypothesis of the term structure of interest rates for Sri Lanka. The data support the hypothesis that forward and spot rates are cointegrated suggesting a stochastic trend in the structure of interest rates. However, the hypothesis that forward rates are unbiased predictors of future spot rates is rejected.

Technical Details

RePEc Handle
repec:taf:applec:v:35:y:2003:i:17:p:1819-1827
Journal Field
General
Author Count
1
Added to Database
2026-01-25