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Risk versus return in the substitutability of debt and equity securities


  • Aivazian, Varouj A.
  • Callen, Jeffrey L.
  • Krinsky, Itzhak
  • Kwan, Clarence C. Y.


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  • Aivazian, Varouj A. & Callen, Jeffrey L. & Krinsky, Itzhak & Kwan, Clarence C. Y., 1990. "Risk versus return in the substitutability of debt and equity securities," Journal of Monetary Economics, Elsevier, vol. 26(1), pages 161-178, August.
  • Handle: RePEc:eee:moneco:v:26:y:1990:i:1:p:161-178

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    References listed on IDEAS

    1. Cochrane, John H, 1988. "How Big Is the Random Walk in GNP?," Journal of Political Economy, University of Chicago Press, vol. 96(5), pages 893-920, October.
    2. Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 940-971, October.
    3. Kingston, Geoffrey H., 1984. "Efficient timing of income taxes," Journal of Public Economics, Elsevier, vol. 24(2), pages 271-280, July.
    4. Lucas, Robert Jr. & Stokey, Nancy L., 1983. "Optimal fiscal and monetary policy in an economy without capital," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 55-93.
    5. Cukierman, Alex & Meltzer, Allan H, 1986. "A Positive Theory of Discretionary Policy, the Cost of Democratic Government and the Benefits of a Constitution," Economic Inquiry, Western Economic Association International, vol. 24(3), pages 367-388, July.
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    Cited by:

    1. Christopher J. Green & Victor Murinde, 2003. "Flow of funds: implications for research on financial sector development and the real economy," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(8), pages 1015-1036.
    2. Bilgili, Faik, 2003. "Dynamic implications of fiscal policy: Crowding-out or crowding-in?," MPRA Paper 24111, University Library of Munich, Germany, revised 25 Dec 2009.

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