All Articles tagged yield curve

• Articles
  May 15, 2024 CDT
  Arbitraging the Yield Curve: A Free Lunch?
  Daniel Sánchez-Piñol Yulee

  Banking crises can be produced by a mismatch of assets and liabilities, potentially leading to illiquidity in the financial system. Daniel Sánchez-Piñol Yulee examines implications of arbitraging the yield curve.

  Abstract
• Articles
  December 15, 2021 CDT
  The Inverted Yield Curve, Austrian Business Cycle Theory, and the True Money Supply
  Ryan GriggsRobert Murphy

  Griggs and Murphy show that the Rothbard-Salerno measure of the "true money supply" tracks Treasury bond spreads well, supporting the Austrian business cycle theory's explanation of yield curve predictive power.

  Abstract