Default risk and the effective duration of bonds
By: David F. Babbel, Craig Merrill, William Panning.
Contributors: Merrill, Craig.; Panning, William H.; World Bank. Financial Sector Development Dept.
Series: Policy research working paper ;; 1511; Policy research working papers ;; 1511.
Publisher: World Bank, Financial Sector Development Dept.
Published: 1995
Place of publication: Washington, D.C
Language: eng
Subjects: Basis (Futures trading); Rate of return.
Notes: Includes bibliographical references (p. 8-9).
"September 1995"--Cover.
"An earlier version of this paper was presented at the Second Biennial Conference on the financial dynamics of the insurance industry, Salomon Center, New York University."