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Liquidity and the Term Structure of Interest Rates

Robert Haney Scott

The Quarterly Journal of Economics · 1965 · Volume 79 · Issue 1

DOI: 10.2307/1880517

Abstract

The data, 136. — Short-term interest rates, 136. — Long-term interest rates, 137. — Interest rate differentials, 137. — Preferences for liquidity of principal lenders, 141. — A closer approximation, 143. — Appendix, 144.

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