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Book Banks  Government Bonds  and Default

Download or read book Banks Government Bonds and Default written by Nicola Gennaioli and published by International Monetary Fund. This book was released on 2014-07-08 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks increase their exposure to public bonds, especially large banks and when expected bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign defaults. This correlation is mostly due to bonds acquired in pre-default years. These findings shed light on alternative theories of the sovereign default-banking crisis nexus.

Book The United States Catalog

Download or read book The United States Catalog written by and published by . This book was released on 1903 with total page 2162 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Tables of Redemption Values

Download or read book Tables of Redemption Values written by and published by . This book was released on 1989-11 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Publications of National Monetary Commission

Download or read book Publications of National Monetary Commission written by United States. National Monetary Commission and published by . This book was released on 1911 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book U S  Savings Bond Redemption Values

Download or read book U S Savings Bond Redemption Values written by and published by . This book was released on 2001 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book United States Individual Retirement Bonds

Download or read book United States Individual Retirement Bonds written by and published by . This book was released on with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book HIGH YIELD BONDS

Download or read book HIGH YIELD BONDS written by Mark Shenkman and published by McGraw Hill Professional. This book was released on 1999 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: HIGH-YIELD BONDS provides state-of-the-art research, strategies, and toolsÑalongside the expert analysis of respected authorities including Edward Altman of New York UniversityÕs Salomon Center, Lea Carty of MoodyÕs Investor Service, Sam DeRosa-Farag of Donaldson, Lufkin & Jenrette, Martin Fridson of Merrill Lynch & Company, Stuart Gilson of Harvard University, Robert Kricheff of CS First Boston, and Frank Reilly of the University of Notre DameÑto help you truly understand todayÕs high-yield market. For added value and ease of reference, this high-level one-volume encyclopedia is divided into seven sections detailing virtually every aspect of high-yield bond investment. They include: Market structureÑThe role of investment banks in security innovation and market development, evolution of analytical methodologies, and recent leveraged loan market developments; Security risk analysisÑHistorical bond default rates, real interest rate and default rate relationships, and new simulation methodologies for modeling credit quality; Security valuationÑImpact of seniority and security on bond pricing and return, important trading factors, and a Monte Carlo simulation methodology for valuing bonds and options in the context of correlated interest rate and credit risk; Market valuation modelsÑEconometric studies which detail the importance of monetary influences, risk-free interest rates, default rates, mutual fund flows, and seasonal fluctuations; Portfolio managementÑHistorical perspective and comparison to alternative investments, analysis of indices available to investors, and specific portfolio selection and risk management strategies of professional fund managers; Distressed security investingÑHistorical risk and return information, plus an academic overview of the market and decision criteria for uncovering and investing in securities with higher-than-average risk-adjusted returns; Corporate finance considerationsÑEmerging firmsÕ strategic choice between external debt and equity financing, as well as the choice of issuing public versus private (Rule-144a) securities. HIGH-YIELD BONDS provides extensive coverage of bond valuation and the construction and management of high-yield portfolios. Advanced Monte Carlo simulation models for the valuation of bonds and options on bonds as well as risk assessments on portfolios of bonds under conditions of correlated interest rate and credit risk are demonstrated. In todayÕs explosive environment of multiple new issues and high risk versus return relationships, it is paramount that you get advice from analysts and experts who have been influential in shaping and defining the market. HIGH-YIELD BONDS will provide you with a valuable reference to this fascinating and constantly changing class of securities, helping you assemble a stable, diversified portfolio of fixed income investments that provides the greatest returns and the lowest risks.

Book Monthly Statement of the Public Debt of the United States

Download or read book Monthly Statement of the Public Debt of the United States written by United States. Department of the Treasury. Bureau of Accounts and published by . This book was released on 1985 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Introduction to Derivatives

Download or read book Introduction to Derivatives written by R. Stafford Johnson and published by Oxford University Press, USA. This book was released on 2009-01-01 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Derivatives: Options, Futures, and Swaps offers a comprehensive coverage of derivatives. The text covers a broad range of topics, including basic and advanced option and futures strategies, the binomial option pricing model, the Black-Scholes-Merton model, exotic options, binomial interest rate trees, dynamic portfolio insurance, the management of equity, currency, and fixed-income positions with derivatives, interest rate, currency, and credit default swaps, embedded options, and asset-backed securities and their derivatives. With over 300 end-of-chapter problems and web exercises, an appendix explaining Bloomberg derivative information and functions, and an accompanying software derivatives program, this book has a strong pedagogical content that will take students from a fundamental to an advanced understanding of derivatives.

Book U S  Savings Bonds for Education

Download or read book U S Savings Bonds for Education written by and published by . This book was released on 1992 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Bond Markets

    Book Details:
  • Author : Patrick J. Brown
  • Publisher : Global Professional Publishi
  • Release : 1998
  • ISBN : 9781888998559
  • Pages : 112 pages

Download or read book Bond Markets written by Patrick J. Brown and published by Global Professional Publishi. This book was released on 1998 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: As cross-market bond trading has increased, it has becomevital for international participants to understand themany different features that characterize the variousinternational bond markets. Of particular interest tobond traders and investors are such factors ascalculation of prices, accrued interest, yields, anddurations. Bond ......

Book 7000 7999  Social sciences  8000 8999  Natural sciences  9000 9999  Technology

Download or read book 7000 7999 Social sciences 8000 8999 Natural sciences 9000 9999 Technology written by Princeton University. Library and published by . This book was released on 1920 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Publications of National Monetary Commission

Download or read book Publications of National Monetary Commission written by and published by . This book was released on 1910 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Moody s Magazine

Download or read book Moody s Magazine written by and published by . This book was released on 1915 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: