Ioffe, Ioulia; MacKay, Alexandra E.; Prisman, Eliezer Z. - Society for Computational Economics - SCE - 1999
Knowledge of the term structure (or yield curve) is undeniably important. It enables the price of a stream of cash flows to be determined. It is a key element for pricing certain types of derivative instruments. It is useful in the formation of economic policy. It can be used to calibrate the...