This three-volume collection presents published articles on the debt market. It focuses first on the classical bond market and moves on to a discussion of rational expectations, estimation and the term structure. This is followed by an examination of rational temporal analyses, the modern theory of the term structure and modelling of stochastic movements. The third section discusses implementation, including techniques, taxation and the management of interest rate risk. Volume 2: testing the derivative asset approach implementing the derivative asset approach taxation and clientele effects duration, immunization and hedging.