What Drives the Risk Premium in Nibor?
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http://hdl.handle.net/11250/2558027Utgivelsesdato
2016Metadata
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Sammendrag
In this Commentary, we illustrate how the risk premium in Nibor can be decomposed to better understand the driving forces affecting the Norwegian money market rate. Furthermore, we use historical data to discuss how international conditions have influenced the risk premium in Nibor since the 2007-2008 financial crisis. The discussion in the main text is structured around the charts. A more precise mathematical decomposition of Nibor is shown in the appendix.