Real Interest Rates and Investment and Borrowing Strategy.
The author, an economist in charge of forecasting for a large public utility, discusses many of the problems encountered in measuring real interest rates that must be dealt with when aninvestment and borrowing strategy must be developed. He examines the impact of inflation on short-term interest rates, stock prices and bond yields. The desirability of alternative investment instruments under different inflation assumptions is covered. Considering the complex subject, the book is surprisingly well written. Corporate financial officers, in particular, will want to read it.
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|Author:||Fogg, Stephen L.|
|Publication:||Journal of Accountancy|
|Article Type:||Book Review|
|Date:||Jul 1, 1990|
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