Asset Prices and Default-Free Term Structure in an Equilibrium Model of Default

G. Chang and S.M. Sundaresan

Working Papers from Columbia - Graduate School of Business

Abstract: We present an equilibrium framework in which asset prices, default-free term structure and default premia are determined simultaneously.

Keywords: FINANCIAL MARKET; PRICES (search for similar items in EconPapers)
JEL-codes: G10 G12 G19 G23 (search for similar items in EconPapers)
Pages: 49 pages
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (9)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:colubu:99-4

Access Statistics for this paper

More papers in Working Papers from Columbia - Graduate School of Business U.S.A.; COLUMBIA UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, PAINE WEBBER , New York, NY 10027 U.S.A. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().