This research finds some empirical evidence of a rising term structure of credit risk premiums
for high-grade Eurobonds and a declining term structure for low-grade Eurobonds. However …

This case study of the Flint water crisis demonstrates the effects that can result from focusing
on the task of improving the creditworthiness of a financially distressed municipality with …

This study investigates the returns to bondholders around important events in the Detroit
bankruptcy that impacted market expectations of recoveries on the City's debt. It illustrates …

This research develops a model of optimal political expenditures and shows how money
inevitably controls government leaders, subject only to a single constraint relating to …

This paper compares the performance of the price-process model, which efficiently sets
prepayments as a function of call option values, with a traditional interest-rate-process …

This research investigates yield spreads between traditional preferred and a new type of tax-
deductible preferred that is essentially a form of debt upon which the issuer has some rights …

Eine empirische Analyse von Preissegmentierung bei systemischen Wertpapierrisiken Mit
dieser Forschungsarbeit wird die Existenz von Marktsegmentierung bei festverzinslichen …