"The fact that the State Council — and, ultimately, the party — controls the interest rate structure is an important lever of power," Mr. Lardy said.
In this case, an analysis of the term structure and the interest rate structure of the pledged loan-to-value ratio is necessary, and this is not addressed in the existing literature.
"Very rarely do we see interest rates or more loan products being refinanced because the credit profile of the obligor has changed in such dramatic ways that change the overall interest rate structure," he added.
We still have a relatively high interest-rate structure, although not much different from Australia's.
Supporters believe that dealing in both short-term and long-term securities would distort the interest-rate structure and therefore the allocation of credit.
Historically, this spread, which summarizes the slope of the interest rate term structure, has been a very good predictor of turning points 12 to 18 months into the future.
Microfinance must be more transparent: It's essential to be completely transparent with interest rates, fee structures and with interest paid on savings accounts.
The term structure of interest rates or maturity structure refers to the set of theories designed to explain why practically homogeneous bonds of different maturities have different interest rates.
This has allowed multiple new distinctions to be made amongst the creditworthy, as scores get attached to different interest rates and loan structures.
In 1994, when the Fed raised interest rates, those financial structures fell apart and Wall Street almost with it.
