Download or read book A History of the Eurobond Market written by Ian M. Kerr and published by . This book was released on 1984 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traces the evolution of the market, the techniques and practices, the instruments, borrowers, lenders and the market participants.
Download or read book Bonds without Borders written by Chris O'Malley and published by John Wiley & Sons. This book was released on 2015-01-12 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bonds without Borders tells the extraordinary story of how the market developed into the principal source of international finance for sovereign states, supranational agencies, financial institutions and companies around the world. Written by Chris O'Malley – a veteran practitioner and Eurobond market expert- this important resource describes the developments, the evolving market practices, the challenges and the innovations in the Eurobond market during its first half- century. Also, uniquely, the book recounts the development of security and banking regulations and their impact on the development of the international securities markets. In a corporate world crying out for financing, never has an understanding of the international bond markets and how they work been more important.Bonds without Bordersis therefore essential reading for those interested in economic development and preserving a free global market for capital.
Download or read book The Global Securities Market written by R. C. Michie and published by Oxford University Press. This book was released on 2006-11-09 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an authoritative account of the global securities market from its earliest developments to 2006.
Download or read book The Eurobond Market written by Peter Gallant and published by . This book was released on 1988 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Euro Bonds written by Marida Bertocchi and published by World Scientific. This book was released on 2013-09-24 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Euro Bonds: Markets, Infrastructure and Trends presents the most recent developments in the Euro bond market. It discusses the problems of the Euro countries, the proposed solutions advocated by European as well as international institutions and investors. Particular emphasis is given to systemic risk and contagion as well as to specific innovative instruments such as structured financial products which protect various classes of investors. This self-contained title provides an organized and comprehensive overview of the current financial situation in Europe and accords the reader the opportunity to understand fully what is happening in the Euro financial market today, as well as some of the possible exit strategies from the crisis. It may be used as an advanced textbook by postgraduate students as well as ambitious undergraduates in finance and economics. It is also useful for non-experts in finance who wish to have an overview of problems in the Euro zone. Contents:The Bond Market in EuropeThe Market InfrastructureGovernment Bond MarketsThe Corporate Bond MarketCredit Rating AgenciesSecuritization MarketMarket Bond ProductsCredit Derivatives Market Readership: Financial analysts, finance academics and business professionals with interest in the Euro zone financial markets, as well as post-crisis trends and developments. Keywords:Euro Bonds;Systemic and Contagion Risk;Fixed-Income Instruments;Structured Financial Products;Stability Bonds;Bond Market Infrastructure;Credit Rating Agencies;Securitization Market;Market Bond Products;Credit Derivatives MarketKey Features:Provides current and detailed explanations on the topicPresents comprehensive examples to provide background for further research and understanding of this topic in relation to the existing literature on bondsReviews: “Euro Bonds: Markets, Infrastructure and Trends provides an outstanding and up-to-date guide to the Euro bonds markets. Detailed and well-documented, it presents a broad range of well-chosen topics in a precise and yet accessible style. It is an excellent choice for anyone seeking insight into the bond markets across the Eurozone and a valuable contribution to the study of these important markets.” Nico van der Wijst Professor of Finance Norwegian University of Science and Technology “Euro bonds mean different things to different people. The authors provide a well-researched and well-written comprehensive view of a vast and fast growing area of investment products, financial markets and debt financing instruments. Their narrative comes complete with a wealth of nicely-presented data. The book is a must-read for those studying European markets and the economy and an invaluable reference for those immersed in it, be they policymakers, investors or academic researchers. A big question mark hangs over the future of this book: Will it become the standard reference it deservers? Or will it be consigned soon to a footnote on the history of the Eurozone? The answer is in the hands of Eurozone leaders. Will they decisively address the structural problems of the common currency or will they continue with piecemeal solutions to every new crisis? For the sake of the authors — and of the people of Europe, of course — I hope for the former. The book itself offers some valuable guidance.” Stavros A Zenios Professor of Finance and Management Science, University of Cyprus and Senior Fellow, the Wharton Financial Institutions Center, USA “The recent Global Financial Crisis of 2007–09 has highlighted the critical role of corporate bonds, government bonds and sovereign debt, the role of credit rating agencies, securitization, and credit default swaps. This is a truly remarkable book that addresses all these issues with reference to the European bond markets. The book is a masterful creation of internationally recognized scholars and offers generous instruction and valuable insights; it is destined to become a classic in its field.” Tassos Malliaris Walter F Mullady Professor of Economics and Finance The Quinlan School of Business, Loyola University Chicago
Download or read book Plumbers and Visionaries written by Peter Norman and published by John Wiley & Sons. This book was released on 2008-07-31 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Plumbers and Visionaries: Securities Settlement and Europe’s Financial Market is a path-breaking account of the history and future of the securities settlement industry in Europe. Written by experienced journalist and author, Peter Norman, this book takes a look at the less visible, but nevertheless critical segment of the global capital markets, following the development of securities settlement across Europe’s frontiers. It encompasses the free-wheeling days of the Eurobond market in the 1960s, through the growing integration of the European Union, to the highly regulated and efficient multi-trillion euro business securities settlement it is today. This book is the story of a financial sector that has grown hugely in importance in the 40 years since Euroclear, now the world’s premier settlement system for domestic and international securities transactions, was created to deal with a settlement crisis that threatened to smother the international capital market in its infancy. Beginning with the settlement crisis in the Eurobond market, this book describes how Euroclear and later Cedel, its arch-rival, were founded to deal with the problem. It follows the challenges posed by cross-border settlement for a growing range of securities when most financial infrastructures operated only within national frontiers. The book demonstrates how securities settlement became an issue for public policy after the stock market crash of 1987 and how the problems of cross-border settlement moved rapidly up the European policy agenda after the euro’s launch. More than a mere history, this book engages with the people who created the modern European securities settlement industry and taps into the often entertaining memories of its founding fathers. This book also focuses on the difficulties and challenges of cross-border transactions which have been identified as hampering Europe’s economic growth. It looks at the present state of the industry seeking a way forward so that the securities settlement infrastructure will better serve a single European capital market.
Download or read book The Eurobond Market written by Hans-Christian Donnerstag and published by . This book was released on 1978 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Paths to Eurobonds written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2012-07-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal discipline and risk-sharing. Many questions remain on whether financial instruments can ever accomplish such goals without bold institutional and political decisions, and, whether, in the absence of such decisions, they can create new distortions. The proposals discussed are also not necessarily competing substitutes; rather, they can be complements to be sequenced along alternative paths that possibly culminate in a fully-fledged Eurobond. The specific path chosen by policymakers should allow for learning and secure the necessary evolution of institutional infrastructures and political safeguards.
Download or read book The Euro bond Market Function and Structure written by Yoon S. Park and published by . This book was released on 1974 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Raising International Capital written by Charles R. Geisst and published by . This book was released on 1980 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The London Stock Exchange written by Ranald Michie and published by OUP Oxford. This book was released on 2001-04-26 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2001, the London Stock Exchange will be 200 years old, though its origins go back a century before that. This book traces the history of the London Stock Exchange from its beginnings around 1700 to the present day, chronicling the challenges and opportunities it has faced, avoided, or exploited over the years. Throughout, the history seeks to blend an understanding of the London Stock Exchange as an institution with that of the securities market of which it was - and is - such an important component. One cannot be examined satisfactorily without the other. Without a knowledge of both, for example, the causes of the 'Big Bang' of 1986 would forever remain a mystery. However, the history of the London Stock Exchange is not just worthy of study for what it reveals about the interaction between institution and market. Such was the importance of the London Stock Exchange that its rise to world dominance before 1914, its decline thereafter, and its renaissance from the mid-1980s, explain a great deal about Britain's own economic performance and the working of the international economy. For the first time a British economic institution of foremost importance is studied throughout its entire history, with regard to the roles played and the constraints under which it operated, and the results evaluated against the background of world economic progress.
Download or read book Guide to Financial Markets written by Marc Levinson and published by The Economist. This book was released on 2018-07-24 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.
Download or read book Making the European Monetary Union written by Harold James and published by Harvard University Press. This book was released on 2012-11-19 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.
Download or read book Bond and Money Markets written by Moorad Choudhry and published by Butterworth-Heinemann. This book was released on 2003-07-04 with total page 1152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bond and Money Markets is an invaluable reference to all aspects of fixed income markets and instruments. It is highly regarded as an introduction and an advanced text for professionals and graduate students. Features comprehensive coverage of: * Government and Corporate bonds, Eurobonds, callable bonds, convertibles * Asset-backed bonds including mortgages and CDOs * Derivative instruments including futures, swaps, options, structured products * Interest-rate risk, duration analysis, convexity, and the convexity bias * The money markets, repo markets, basis trading, and asset/liability management * Term structure models, estimating and interpreting the yield curve * Portfolio management and strategies,total return framework, constructing bond indices * A stand alone reference book on interest rate swaps, the money markets, financial market mathematics, interest-rate futures and technical analysis * Includes introductory coverage of very specialised topics (for which one previously required several texts) such as VaR, Asset & liability management and credit derivatives * Combines accessible style with advanced level topics
Download or read book Promoting Global Monetary and Financial Stability written by Claudio Borio and published by Cambridge University Press. This book was released on 2020-04-30 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multi-faceted look at what global central bank cooperation has - and has not - achieved over the past half century.
Download or read book Issuing International Sovereign Bonds written by Mr.Mauro Mecagni and published by International Monetary Fund. This book was released on 2014-06-04 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This African Department Paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers.
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
