What is the Normal Yield Curve? The normal yield curve is a yield curve in which short-term debt instruments have a lower yield than long-term debt instruments of the same credit quality. This gives ...
As explained in Prof. Robert Jarrow's book cited below, forward rates contain a risk premium above and beyond the market's expectations for the 3-month forward rate. We document the size of that risk ...
THIS little volume is a kind of “Molesworth” for the statistical biologist. Some two-thirds of the book are taken up with numerical tables (ordinates of normal curve, probability integral, gamma ...
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