Asserts that nominal interest rates are not highly correlated with aggregate default rates on
high-yield bonds. Relation between nominal interest rates and default rates; Possibility of …

Failure to distinguish between like-rated bonds of different priorities in the capital structure
can foster misperceptions about the relationship between agency ratings and bond pricing. …

Non-investment-grade debt offerings have a reputation as “story bonds” for which objective
valuation criteria are difficult to establish. Nevertheless, 56 percent of the variance in risk …

Examines the differences between high-yield bond markets in Europe and the United States.
Dynamics of new issue markets; Company-specific variables considered in assessing the …

Theories of fiscal federalism explain the efficiency and other economic gains from decentralization
but do not explain its extent and nature in practice. The authors develop a political …

Nickel-based alloys are known as non-weldable materials due to their complex characteristics.
Consequently, additive manufacturing of these alloys is particularly challenging. In this …

While many market participants look to high yield bond markets as either a leading indicator
of credit performance or as simply lagging equities, this paper tests for leading or lagging …

… state and municipal debt through the use of state banks served their political interests, see
Christopher Garman, forthcoming electoral dissertation, University of California, San Diego. …

Recent studies show that autistic children tend to speak and interact more in the presence
of an interactive robot. Unfortunately, most of the robotic experiments were conducted in …

The performance of the high-yield bond sector and of mutual funds dedicated to that asset
class is commonly presented in the form of mean annual returns. The results can be quite …