Comment: Duration and Bond Portfolio Analysis

Guilford C. Babcock

Journal of Financial and Quantitative Analysis, 1978, vol. 13, issue 4, 683-685

Abstract: The stated purpose of this review paper by Professors Bierwag, Kaufman, and Khang is (1) to clarify the record on what duration is and is not, and (2) to discuss its usefulness in the analysis of security portfolios. However, the implied, the more important, purpose is to focus the attention of the academic community on a subject that seems to warrant more attention than it has received. Indeed, it seems to me that the whole purpose of this session, which not incidentally is being chaired by coauthor Kaufman, is simply that: to show what can and cannot be done with the concept of duration.

Date: 1978
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

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:cup:jfinqa:v:13:y:1978:i:04:p:683-685_00

Access Statistics for this article

More articles in Journal of Financial and Quantitative Analysis from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().