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Beyond Junk Bonds: Expanding High Yield Markets

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Since financial myths exploded in the 1980s, the perspective of time creates a unique opportunity to update and expand the analysis begun in Glenn Yago's 1991 book, Junk Bonds: How High Yield Securities Restructured Corporate America (Oxford University Press). At the time of its publication, Junk Bonds drew controversial responses from the Federal Reserve and government agencies. In retrospect, the evidence clearly casts favorable light on the role of high yield securities. The research presented here demonstrates how ...

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Beyond Junk Bonds: Expanding High Yield Markets
2003, Oxford University Press, USA, New York, NY

ISBN-13: 9780195149234

Hardcover

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