Roll, Richard (1971) Investment Diversification and Bond Maturity. Journal of Finance, 26 (1). pp. 51-66. ISSN 0022-1082. doi:10.2307/2325740. https://resolver.caltech.edu/CaltechAUTHORS:20190501-152328265
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Abstract
What determines the shape of the term structure of interest rates? What causes its shape to change over time? Answers to these questions are needed by monetary policy makers, by corporate treasurers, by speculators, and by economists studying multi-period consumption-investment choices.
| Item Type: | Article | |||||||||
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| Additional Information: | © 1971 the American Finance Association. Alan Meltzer and Norman C. Miller provided many useful comments and suggestions. I also benefited from discussions with Marshall Blume, Paul Cootner, Merton Miller, Franco Modigliani, Thomas J. Sargent, Myron Scholes, and John Wood. None of these individuals would agree to share responsibility for the remaining errors. | |||||||||
| Issue or Number: | 1 | |||||||||
| DOI: | 10.2307/2325740 | |||||||||
| Record Number: | CaltechAUTHORS:20190501-152328265 | |||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20190501-152328265 | |||||||||
| Official Citation: | Roll, R. (1971), INVESTMENT DIVERSIFICATION AND BOND MATURITY. The Journal of Finance, 26: 51-66. doi:10.1111/j.1540-6261.1971.tb00588.x | |||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | |||||||||
| ID Code: | 95147 | |||||||||
| Collection: | CaltechAUTHORS | |||||||||
| Deposited By: | George Porter | |||||||||
| Deposited On: | 01 May 2019 22:40 | |||||||||
| Last Modified: | 16 Nov 2021 17:10 |
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