A Pure Test for the Elasticity of Yield Spreads



Leland, H.E. and K. B. Toft, 1996Optimal capital structure endogenous bankruptcy and the
term structure of credit spreads,
Journal of Finance 51 (3), pp. 987-1019.

Kamara, A., 1997, The relation between default-free interest rates and expected economic
growth is stronger than you think,
Journal of Finance 52, 1681-1694.

Keenan, S. C., Sobehart, J., and D. T. Hamilton, Predicting default rates: a forecasting model
for Moody’s issuer-based default rates, Moody’s Special Comment, August 1999.

Longstaff, F., and E. Schwartz, 1995, A simple approach to valuing risky fixed and floating
rate debt,
Journal ofFinance 50, 789-819.

Merton, R. C., 1973, Theory of rational option pricing, Bell Journal of Economics and
Management Science
4, 141-183.

Merton, R. C., 1974, On the pricing of corporate debt: The risk structure of interest rates,
Journal of Finance 29, 449-470.

Prisman E. Z., G. S. Roberts, and Y. Tian, 1996, Optimal bond trading and the tax-timing
option in Canada,
Journal of Banking and Finance 20, 1351-1363.

Vasicek, O. 1977. An equilibrium characterisation of the term structure, Journal of Financial

Economics, 5:177-188.

34



More intriguing information

1. Do the Largest Firms Grow the Fastest? The Case of U.S. Dairies
2. Licensing Schemes in Endogenous Entry
3. Handling the measurement error problem by means of panel data: Moment methods applied on firm data
4. Database Search Strategies for Proteomic Data Sets Generated by Electron Capture Dissociation Mass Spectrometry
5. Olive Tree Farming in Jaen: Situation With the New Cap and Comparison With the Province Income Per Capita.
6. ENVIRONMENTAL POLICY: THE LEGISLATIVE AND REGULATORY AGENDA
7. The name is absent
8. Ein pragmatisierter Kalkul des naturlichen Schlieβens nebst Metatheorie
9. National urban policy responses in the European Union: Towards a European urban policy?
10. Feeling Good about Giving: The Benefits (and Costs) of Self-Interested Charitable Behavior