Nippani, Srinivas; Liu, Pu; Schulman, Craig T. - In: Journal of Financial and Quantitative Analysis 36 (2001) 02, pp. 251-265
The chain of events that led to the disagreement between the White House and Congrees over the increase of the federal debt limit from mid-October 1995 to March 1996 caused a default potential for Treasury securities. We examine the effect of this event chain on the yield spread between...
