Understanding aggregate default rates of high yield bonds

Jean Helwege and Paul Kleiman

Current Issues in Economics and Finance, 1996, vol. 2, issue May

Abstract: The New York-New Jersey region's hard-earned recovery in employment is being overshadowed by ongoing job losses in certain sectors and the prospect of moderating growth in the United States as a whole. Fortunately, several positive trends are bolstering the region's employment picture. Strength in the services sector, a falloff in restructuring, and gains in income point to continuing--though modest--regional job growth in 1996.

Keywords: Bonds (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (10)

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