This three-volume collection - prepared by a leading scholar and
practitioner - presents the subject through a collection of
important published articles on the debt market. It focuses first
on the classical bond market and moves on to a discussion of
rational expectations, estimation and the term structure. This is
followed by the modern theory of the term structure derived from
modelling the stochastic movements of interest rates. The third
section discusses implementation and related subtopics including
taxation and the management of interest rate risk. The final
section extends the discussion to corporate bonds and mortgages.
General
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