A general proof of the Dybvig-Ingersoll-Ross-Theorem: Long forward rates can never fall

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dc.creatorHubalek, Friedrich
dc.creatorKlein, Irene
dc.creatorTeichmann, Josef
dc.date2001-12-20
dc.date2004-10-05
dc.date.accessioned2026-07-07T04:45:25Z
dc.date.available2026-07-07T04:45:25Z
dc.descriptionA general proof of the Dybvig-Ingersoll-Ross Theorem on the monotonicity of long forward rates is presented. Some inconsistencies in the original proof of this theorem are discussed.
dc.identifierhttps://arxiv.org/abs/math/0112230
dc.identifierhttp://arxiv.org/abs/math/0112230
dc.identifierMathematical Finance 12 (4) (2002), 447--451
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/62946
dc.subjectProbability
dc.subject91B24, 90A12
dc.titleA general proof of the Dybvig-Ingersoll-Ross-Theorem: Long forward rates can never fall
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