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The Supply Elasticity of Municipal Debt : Evidence From Bank-Qualified Bonds

St. Clair, Travis - 2022

This paper provides estimates of the supply elasticity of municipal debt and explores heterogeneity across different … price elasticity of -0.3 to -0.6. The behavioral response of special purpose governments is nearly twice as large as that of …

Persistent link: https://www.econbiz.de/10014079463

Essays on term structure modeling : estimation, nonlinearities and immunization

Archontakis, Theofanis - 2007

Persistent link: https://www.econbiz.de/10003637458

The Jarrow-Turnbull default risk model : evidence from the German market

Frühwirth, Manfred; Sögner, Leopold - In: The European journal of finance 12 (2006) 2, pp. 107-135

Persistent link: https://www.econbiz.de/10003305283

Trading the bond-CDS basis : the role of credit risk and liquidity

Gehde-Trapp, Monika - 2009

We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them to repeatedly earn the difference between the bond...