This paper shows that for a large class of single and multi‐factor term structure models, including the affine class, the market price of risk is directly related to the parameters of the stochastic processes of the underlying factors of the economy. It is shown that the market price of risk...

type="main" xml:id="joca12032-abs-0001" <title type="main">Abstract</title> We examined financial knowledge among educated women with at least a bachelor's degree by analyzing the results from a 2009 survey representing a well-defined sample (<fi>N</fi> = 4,344) of alumnae from a highly selective liberal arts college for women....

The short-term interest rate is an important economic variable and its time series properties have been the subject of numerous empirical studies. This paper provides empirical evidence on the behavior of short-term rates in seven industrialized countries and the Euro zone under the no-arbitrage...