CREDIT CONDITIONS AND PRICE DETERMINATION IN THE CORPORATE BOND MARKET

Authors

  • Andrew F. Brimmer

    1. Michigan State University
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    • An earlier draft of this paper was prepared while I was an economist with the Federal Reserve Bank of New York. The views expressed, however, are my own and not those of that institution. I wish to express appreciation for helpful comments by two of my former colleagues at the Bank, Jack Guttentag and Haskell Wald; my colleagues at Michigan State University, especially Carl Brehm, Herbert Kisch, Abba Lerner, and Thomas Mayer, have also made helpful comments. Finally, I wish to thank Moody's Investors Service for the assistance they gave. I alone, of course, am responsible for any errors which may remain.

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