Corporate bond spreads and the business cycle / by Zhiwei Zhang. : FB3-2/102-15E-PDF
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Ministère/Organisme | Bank of Canada. |
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Titre | Corporate bond spreads and the business cycle / by Zhiwei Zhang. |
Titre de la série | Bank of Canada working paper1701-93972002-15 |
Type de publication | Série - Voir l'enregistrement principal |
Langue | [Anglais] |
Format | Électronique |
Document électronique | |
Autres formats offerts | Papier-[Anglais] |
Note(s) | This paper examines the predictive power of credit spreads from the corporate bond market... The author finds that linear models based on stock market movements, the risk-free short rate, and the term spread can explain only 7 per cent of the variations in the high-yield spread."--Abstract. The ISSN (1192-5434) for the print edition has been incorrectly copied in this electronic publication. Bibliography. Résumé en français. |
Information sur la publication | Ottawa - Ontario : Bank of Canada June 2002. |
Description | 37p.graphs, tables |
ISSN | 1701-9397 |
Numéro de catalogue |
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Descripteurs | Bonds Businesses Models Stock markets |