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ISSN (print) 1136-0593 · ISSN (online) 2445-4192

Term Structure of Interest Rates Analysis in the Spanish Market

M.G. Barberà Mariné, M.J. Garbajosa Cabello, M.B. Guercio. Rovira i Virgili University


The Term Structure of Interest Rates (TSIR) makes it possible to analyze investors' expectations of future interest rates. This study aims to make a comparative analysis of the TSIR to determine whether investors modify their expectations in such a turbulent financial scenario as the present one. The TSIR was estimated, in july 2007 and july 2008, using McCulloch's quadratic splines and fuzzy regressions.



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