Price distortions and municipal bonds premiums: evidence from Switzerland

Price distortions and municipal bonds premiums: evidence from Switzerland

Abstract This study examines the pricing of municipal bonds before and after a currency shock in Switzerland. Two approaches are used to decompose the municipal to treasuries bond spreads into liquidity, maturity, and default risk premiums. The first approach is the model of the cross-sectional inst...

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Bibliographic Details
Main Authors: Darko B. Vukovic, Carlos J. Rincon, Moinak Maiti
Format: Article
Language:English
Published: SpringerOpen 2021-08-01
Series:Financial Innovation
Subjects:
Municipal bonds
Risk premiums
Bond spreads
Price distortions
Online Access:https://doi.org/10.1186/s40854-021-00276-8

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