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These brief essays delve into the economic issues of the day for a generally informed readership.

2009, No. 40 (Posted 2009-09-21)

Is the Financial Crisis Over? A Yield Spread Perspective

by Massimo Guidolin and Yu Man Tam

Our finding is consistent with some recent, substantial volatility in the U.S. corporate bond market and leaves open a possibility that additional, future shocks to default premia may have long-lived effects.

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