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Dynamics of Yield Gravity and the Money Anxiety Index
Journal of Applied Business and Economics
View Archive Info| Field | Value | |
| Title |
Dynamics of Yield Gravity and the Money Anxiety Index
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| Creator |
Geller, Dan
Biger, Nahum |
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| Description |
This paper demonstrates that the prevailing theory on interest rates (Fisher 1930) is incomplete. The study shows that when money anxiety is high, such as during recessionary times, the ability of higher yield to attract term deposits diminishes. The study features an innovative Money Anxiety Index as a mediating variable demonstrating that higher yield does not always attract more money even when risk is not a factor. The implication of the findings is that elevated level of money anxiety hampers the ability of banks to comply with Basal III Net Stable Funding Ratio (NSFR) requirement of one-year-term liquidity.
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| Publisher |
North American Business Press
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| Date |
2018-11-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
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| Format |
application/pdf
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| Identifier |
https://articlegateway.com/index.php/JABE/article/view/137
10.33423/jabe.v20i7.137 |
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| Source |
Journal of Applied Business and Economics; Vol 20 No 7 (2018)
1499-691X 10.33423/jabe.v20i7 |
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| Language |
eng
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| Relation |
https://articlegateway.com/index.php/JABE/article/view/137/109
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| Rights |
Copyright (c) 2018 Journal of Applied Business and Economics
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