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dc.contributor.advisorVijverberg, Chu-Ping C.
dc.contributor.authorLuo, Hao
dc.date.accessioned2010-09-23T14:34:57Z
dc.date.available2010-09-23T14:34:57Z
dc.date.issued2010-04-23
dc.identifier.citationLuo, Hao (2010). Does the use of interest rate swaps matter? -- In Proceedings: 6th Annual Symposium: Graduate Research and Scholarly Projects. Wichita, KS: Wichita State University, p. 47-48en
dc.identifier.urihttp://hdl.handle.net/10057/3173
dc.descriptionPaper presented to the 6th Annual Symposium on Graduate Research and Scholarly Projects (GRASP) held at the Hughes Metropolitan Complex, Wichita State University, April 23, 2010.en
dc.descriptionResearch completed at the Department of Economics, W. Frank Barton School of Businessen
dc.description.abstractThis project analyzes the effectiveness of employing interest rate swaps to weather U.S. monetary announcement effects. This study presents the evidence that there are benefits for fixed-rate payers when the Fed tightens the money supply, but the expected adverse effects on floating-rate payers are not observed. First, this paper shows that assets prices react to the surprising component of the federal funds rate changes rather than the raw interest fluctuations. Second, this paper illustrates the heterogeneous stock returns in response to monetary surprises at both industry and firm levels. Finally, this study explains the sensitivities of the stock returns by companies’ balance sheet information in conjunction with their positions in interest rate swaps contracts.en
dc.format.extent1843 bytes
dc.format.extent107361 bytes
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherWichita State University. Graduate Schoolen
dc.relation.ispartofseriesGRASPen
dc.relation.ispartofseriesv.6en
dc.titleDoes the use of interest rate swaps matter?en
dc.typeConference paperen


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