RT Generic
T1 When can you immunize a bond portfolio?
A1 Balbás, Alejandro
A1 Ibáñez, Alfredo
A2 Universidad Carlos III de Madrid. Departamento de Economía de la Empresa, 
AB The object of this paper is to give conditions under which it is possible to immunize a bond portfolio. Maxmin strategies are also studied, as well as their relations with immunized ones. Some special shocks on the interest rate are analyzed, and general conditions about immunization are obtained. When immunization is not possible, capital losses are measured.
YR 1994
FD 1994-11
LK https://hdl.handle.net/10016/7078
UL https://hdl.handle.net/10016/7078
LA eng
DS e-Archivo
RD 1 sept. 2024