Hubalek, Friedrich; Klein, Irene; Teichmayn, Josef - In: Mathematical Finance 12 (2002) 4, pp. 447-451
A senera1 proof of the Dybvig-Ingersoll-Ross Theorem o n thc monotonicity of long foraard rates is presented. Some inconsistencies in the original proof o f this theorein are discussed. Copyright 2002 Blackwell Publishers.