Gilkeson, James H.; Porter, Gary E. - In: Managerial Finance 24 (1998) 8, pp. 26-47
Argues that the similarities between US treasury securities (treasuries) and FDIC‐insured large retail certificates of deposit (CDs) should make their prices similar in an efficient market. Considers deposit pricing and substitutability between treasuries and CDs, citing previous research; and...