Lecture Money, banking, and financial markets: Chapter 6 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: Chapter 6 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Chapter 6 provides knowledge of bonds, bond prices, and the determination of interest rates. In this chapter, you will understand the relationship between bond prices and interest rates, understand that supply and demand in the bond market determine bond prices, and understand why bonds are risky.