Differential taxation and the equilibrium structure of interest rates
dc.contributor.author | Torous, Walter N. | en_US |
dc.date.accessioned | 2006-04-07T19:00:38Z | |
dc.date.available | 2006-04-07T19:00:38Z | |
dc.date.issued | 1985-09 | en_US |
dc.identifier.citation | Torous, Walter N. (1985/09)."Differential taxation and the equilibrium structure of interest rates." Journal of Banking & Finance 9(3): 363-385. <http://hdl.handle.net/2027.42/25591> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6VCY-476DVFV-1S/2/6fcefd0ff65440e0284c024b7db917cb | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/25591 | |
dc.description.abstract | Equilibrium coupon bond pricing relationships given differential taxation are derived under uncertainty assuming that both corporate and municipal bonds were originally issued at par but are currently selling at a discount. The impact of differential taxation upon the term structure and coupon structure of interest rates is investigated, while the tax structure of interest rates is uniquely characterized. Differential taxation substantially alters the prevailing equilibrium structure of interest rates. | en_US |
dc.format.extent | 1420242 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | Differential taxation and the equilibrium structure of interest rates | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | West European Studies | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.subject.hlbtoplevel | Humanities | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | The University of Michigan, Ann Arbor, MI 48109, USA | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/25591/1/0000135.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/0378-4266(85)90039-1 | en_US |
dc.identifier.source | Journal of Banking & Finance | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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