Newsletter
Is There a Trade-Off Between Low Bond Risk Premiums and Financial Stability?
Abstract: It has been suggested that financial instability may be more likely following periods of low bond market risk premiums. The timing of past episodes of instability casts doubt upon the hypothesis that low levels of risk premiums sow the seeds of future instability.
Keywords: Bonds; financial stability;
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http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2014/cflaugust2014_325.pdf
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Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2014
Issue: Aug
Order Number: 325