{"id":"https://openalex.org/W1999354010","doi":"https://doi.org/10.1007/s007800050020","title":"Towards a general theory of bond markets","display_name":"Towards a general theory of bond markets","publication_year":1997,"publication_date":"1997-04-01","ids":{"openalex":"https://openalex.org/W1999354010","doi":"https://doi.org/10.1007/s007800050020","mag":"1999354010"},"language":"en","primary_location":{"id":"doi:10.1007/s007800050020","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s007800050020","pdf_url":"https://link.springer.com/content/pdf/10.1007/s007800050020.pdf","source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://link.springer.com/content/pdf/10.1007/s007800050020.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5071437277","display_name":"Tomas Bj\u00f6rk","orcid":null},"institutions":[{"id":"https://openalex.org/I180242103","display_name":"Stockholm School of Economics","ror":"https://ror.org/01s5jzh92","country_code":"SE","type":"education","lineage":["https://openalex.org/I180242103"]}],"countries":["SE"],"is_corresponding":true,"raw_author_name":"Tomas Bj\u00f6rk","raw_affiliation_strings":["Department of Finance, Stockholm School of Economics, Box 6501, S-113 83 Stockholm, Sweden, , , , , , SE","Department of Finance, Stockholm School of Economics, Box 6501, S-113 83 Stockholm, Sweden, SE"],"affiliations":[{"raw_affiliation_string":"Department of Finance, Stockholm School of Economics, Box 6501, S-113 83 Stockholm, Sweden, , , , , , SE","institution_ids":["https://openalex.org/I180242103"]},{"raw_affiliation_string":"Department of Finance, Stockholm School of Economics, Box 6501, S-113 83 Stockholm, Sweden, SE","institution_ids":["https://openalex.org/I180242103"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5110724378","display_name":"Giovanni Di Masi","orcid":null},"institutions":[{"id":"https://openalex.org/I138689650","display_name":"University of Padua","ror":"https://ror.org/00240q980","country_code":"IT","type":"education","lineage":["https://openalex.org/I138689650"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Giovanni Di Masi","raw_affiliation_strings":["Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , , , , , IT","Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , IT"],"affiliations":[{"raw_affiliation_string":"Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , , , , , IT","institution_ids":["https://openalex.org/I138689650"]},{"raw_affiliation_string":"Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , IT","institution_ids":["https://openalex.org/I138689650"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5028886378","display_name":"Yuri Kabanov","orcid":"https://orcid.org/0000-0002-6275-1112"},"institutions":[{"id":"https://openalex.org/I4210155549","display_name":"Laboratoire de Math\u00e9matiques","ror":"https://ror.org/05sd5r855","country_code":"FR","type":"facility","lineage":["https://openalex.org/I1294671590","https://openalex.org/I1294671590","https://openalex.org/I198244214","https://openalex.org/I4210141950","https://openalex.org/I4210155549"]},{"id":"https://openalex.org/I90843659","display_name":"Universit\u00e9 de franche-comt\u00e9","ror":"https://ror.org/03pcc9z86","country_code":"FR","type":"education","lineage":["https://openalex.org/I90843659"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Yuri Kabanov","raw_affiliation_strings":["Central Economics and Mathematics Institute of the Russian Academy of Sciences and Laboratoire de Math\u00e9matiques, Universit\u00e9 de Franche-Comt\u00e9, 16 Route de Gray, F-25030 Besan\u00e7on Cedex, France, , , , , , FR","Central Economics and Mathematics Institute of the Russian Academy of Sciences and Laboratoire de Math\u00e9matiques, Universit\u00e9 de Franche-Comt\u00e9, 16 Route de Gray, F-25030 Besan\u00e7on Cedex, France, , FR"],"affiliations":[{"raw_affiliation_string":"Central Economics and Mathematics Institute of the Russian Academy of Sciences and Laboratoire de Math\u00e9matiques, Universit\u00e9 de Franche-Comt\u00e9, 16 Route de Gray, F-25030 Besan\u00e7on Cedex, France, , , , , , FR","institution_ids":["https://openalex.org/I90843659","https://openalex.org/I4210155549"]},{"raw_affiliation_string":"Central Economics and Mathematics Institute of the Russian Academy of Sciences and Laboratoire de Math\u00e9matiques, Universit\u00e9 de Franche-Comt\u00e9, 16 Route de Gray, F-25030 Besan\u00e7on Cedex, France, , FR","institution_ids":["https://openalex.org/I90843659","https://openalex.org/I4210155549"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5112613768","display_name":"Wolfgang Runggaldier","orcid":null},"institutions":[{"id":"https://openalex.org/I138689650","display_name":"University of Padua","ror":"https://ror.org/00240q980","country_code":"IT","type":"education","lineage":["https://openalex.org/I138689650"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Wolfgang Runggaldier","raw_affiliation_strings":["Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , , , , , IT","Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , IT"],"affiliations":[{"raw_affiliation_string":"Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , , , , , IT","institution_ids":["https://openalex.org/I138689650"]},{"raw_affiliation_string":"Dipartimento di Matematica Pura et Applicata, Universit\u00e1 di Padova, Via Belzoni 7, I-35131 Padova, Italy, , IT","institution_ids":["https://openalex.org/I138689650"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5071437277"],"corresponding_institution_ids":["https://openalex.org/I180242103"],"apc_list":{"value":2290,"currency":"EUR","value_usd":2890},"apc_paid":null,"fwci":26.879,"has_fulltext":true,"cited_by_count":332,"citation_normalized_percentile":{"value":0.99633939,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":100},"biblio":{"volume":"1","issue":"2","first_page":"141","last_page":"174"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9995999932289124,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9886000156402588,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/martingale","display_name":"Martingale (probability theory)","score":0.7856451272964478},{"id":"https://openalex.org/keywords/mathematical-finance","display_name":"Mathematical finance","score":0.7282639145851135},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.6097429394721985},{"id":"https://openalex.org/keywords/completeness","display_name":"Completeness (order theory)","score":0.5686572194099426},{"id":"https://openalex.org/keywords/local-martingale","display_name":"Local martingale","score":0.5576279163360596},{"id":"https://openalex.org/keywords/martingale-pricing","display_name":"Martingale pricing","score":0.49791455268859863},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.4669806659221649},{"id":"https://openalex.org/keywords/bond","display_name":"Bond","score":0.4328393340110779},{"id":"https://openalex.org/keywords/bond-market","display_name":"Bond market","score":0.4169371426105499},{"id":"https://openalex.org/keywords/measure","display_name":"Measure (data warehouse)","score":0.4162184000015259},{"id":"https://openalex.org/keywords/stochastic-process","display_name":"Stochastic process","score":0.4118325710296631},{"id":"https://openalex.org/keywords/applied-mathematics","display_name":"Applied mathematics","score":0.3403325080871582},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.22501474618911743},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.21417444944381714},{"id":"https://openalex.org/keywords/mathematical-analysis","display_name":"Mathematical analysis","score":0.1945478320121765},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.13895520567893982},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.13340342044830322}],"concepts":[{"id":"https://openalex.org/C48406656","wikidata":"https://www.wikidata.org/wiki/Q534112","display_name":"Martingale (probability theory)","level":2,"score":0.7856451272964478},{"id":"https://openalex.org/C93373587","wikidata":"https://www.wikidata.org/wiki/Q335632","display_name":"Mathematical finance","level":2,"score":0.7282639145851135},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.6097429394721985},{"id":"https://openalex.org/C17231256","wikidata":"https://www.wikidata.org/wiki/Q5156540","display_name":"Completeness (order theory)","level":2,"score":0.5686572194099426},{"id":"https://openalex.org/C58435881","wikidata":"https://www.wikidata.org/wiki/Q1868500","display_name":"Local martingale","level":3,"score":0.5576279163360596},{"id":"https://openalex.org/C76374431","wikidata":"https://www.wikidata.org/wiki/Q6777132","display_name":"Martingale pricing","level":4,"score":0.49791455268859863},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.4669806659221649},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.4328393340110779},{"id":"https://openalex.org/C197142791","wikidata":"https://www.wikidata.org/wiki/Q540626","display_name":"Bond market","level":2,"score":0.4169371426105499},{"id":"https://openalex.org/C2780009758","wikidata":"https://www.wikidata.org/wiki/Q6804172","display_name":"Measure (data warehouse)","level":2,"score":0.4162184000015259},{"id":"https://openalex.org/C8272713","wikidata":"https://www.wikidata.org/wiki/Q176737","display_name":"Stochastic process","level":2,"score":0.4118325710296631},{"id":"https://openalex.org/C28826006","wikidata":"https://www.wikidata.org/wiki/Q33521","display_name":"Applied mathematics","level":1,"score":0.3403325080871582},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.22501474618911743},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.21417444944381714},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.1945478320121765},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.13895520567893982},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13340342044830322},{"id":"https://openalex.org/C77088390","wikidata":"https://www.wikidata.org/wiki/Q8513","display_name":"Database","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1007/s007800050020","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s007800050020","pdf_url":"https://link.springer.com/content/pdf/10.1007/s007800050020.pdf","source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1007/s007800050020","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s007800050020","pdf_url":"https://link.springer.com/content/pdf/10.1007/s007800050020.pdf","source":{"id":"https://openalex.org/S172526255","display_name":"Finance and Stochastics","issn_l":"0949-2984","issn":["0949-2984","1432-1122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Stochastics","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.44999998807907104,"id":"https://metadata.un.org/sdg/17","display_name":"Partnerships for the goals"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1999354010.pdf","grobid_xml":"https://content.openalex.org/works/W1999354010.grobid-xml"},"referenced_works_count":32,"referenced_works":["https://openalex.org/W179255059","https://openalex.org/W638119077","https://openalex.org/W1498143389","https://openalex.org/W1542004730","https://openalex.org/W1543543049","https://openalex.org/W1573530014","https://openalex.org/W1967069346","https://openalex.org/W1984631714","https://openalex.org/W1988728793","https://openalex.org/W1994658622","https://openalex.org/W1995522593","https://openalex.org/W2005617865","https://openalex.org/W2019373317","https://openalex.org/W2019870888","https://openalex.org/W2022565268","https://openalex.org/W2041550349","https://openalex.org/W2076057077","https://openalex.org/W2076458153","https://openalex.org/W2081877251","https://openalex.org/W2096600300","https://openalex.org/W2098612888","https://openalex.org/W2161906325","https://openalex.org/W2168672487","https://openalex.org/W2170444200","https://openalex.org/W2281401985","https://openalex.org/W2937145326","https://openalex.org/W3021444882","https://openalex.org/W4205302168","https://openalex.org/W4244967830","https://openalex.org/W4285719527","https://openalex.org/W4293092461","https://openalex.org/W4300475775"],"related_works":["https://openalex.org/W1978561097","https://openalex.org/W1537069888","https://openalex.org/W3123844941","https://openalex.org/W3123900559","https://openalex.org/W2358946586","https://openalex.org/W2006323275","https://openalex.org/W4289784528","https://openalex.org/W4289492198","https://openalex.org/W2013937202","https://openalex.org/W2021764764"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":9},{"year":2020,"cited_by_count":34},{"year":2019,"cited_by_count":51},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":9},{"year":2012,"cited_by_count":8}],"updated_date":"2026-04-01T17:29:45.350535","created_date":"2025-10-10T00:00:00"}