The management of bond investments and trading of debt /

The management of bond investments and trading of debt /

Written for managers and professionals in business and industry, and using a minimum of mathematical language, The Management of Bond Investments and the Trading of Debt addresses three key issues: Bondholders options, risks and rewards in making investments in debt instruments; The dynamics of infl...

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Bibliographic Details
Main Author: Chorafas, Dimitris N. (Author)
Format: Software eBook
Language:English
Published: Oxford Elsevier Butterworth-Heinemann 2005.
Subjects:
Bonds.
Bond transfer.
Debt.
Electronic books.
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Table of Contents:
  • Cover
  • Copyright Page
  • TOC$Contents
  • Preface
  • Part 1: The dynamics of debt, leverage, and globalization
  • CH$Chapter 1. Democratization of lending and socialization of risk
  • 1.1 Introduction
  • 1.2 The shift in economic activity
  • 1.3 Creativity, innovation, and tax incentives
  • 1.4 Debt and unsustainable leverage
  • 1.5 Leverage, common risk, and strategic risk
  • 1.6 Debt management challenges
  • 1.7 Controlling the speed limit of an economy
  • CH$Chapter 2. Trading debt in a globalized economy
  • 2.1 Introduction
  • 2.2 Forces propelling economic growth
  • 2.3 Capital flows and impact of globalization on economic development
  • 2.4 The macro-dimension of financial markets
  • 2.5 Upside and downside of hedging
  • 2.6 Wealth creation requires an open and transparent financial market
  • 2.7 Mercantilism is not a good strategy in an economy of mounting debt
  • Part 2: The bondholder's options, risks, and rewards
  • CH$Chapter 3. Bonds defined
  • 3.1 Introduction
  • 3.2 An introduction to types of bonds
  • 3.3 Markets and issuers of bonds
  • 3.4 Bond market and equity market
  • 3.5 Yield of fixed income instruments and the ECB model
  • 3.6 Credit spread risk and other risks
  • 3.7 A bird's-eye view of foreign exchange risk
  • 3.8 Bond restructuring and arbitrage
  • Appendix 3. A The ECB algorithm
  • CH$Chapter 4. Convertible bonds, zero bonds, junk bonds, strips, and other bonds
  • 4.1 Introduction
  • 4.2 Straight and callable bonds
  • 4.3 Zero-coupon bonds
  • 4.4 Convertible bonds
  • 4.5 The Bloomberg model for portfolio value-at-risk
  • 4.6 Junk bonds and credit derivatives
  • 4.7 High-high risk bonds
  • 4.8 The stripping of bonds
  • 4.9 Brady bonds and Rubin bonds
  • 4.10 Chameleon bonds, Samurai bonds, and unwanted consequences
  • CH$Chapter 5. Choosing bonds
  • 5.1 Introduction
  • 5.2 Investors can never be too careful
  • 5.3 Price formation for bonds
  • 5.4 Euroland and lessons from Eurodollars
  • 5.5 Euroland and bond market compliance
  • 5.6 Return on capital for bondholders
  • 5.7 Disincentives in holding bonds
  • 5.8 Taxation and debt instruments
  • 5.9 The camel is a horse designed by a committee
  • CH$Chapter 6. Bank loans and securitization
  • 6.1 Introduction
  • 6.2 Determination of bank lending rates
  • 6.3 Panics and their aftermath
  • 6.4 China's credit policies: a case study
  • 6.5 Bank regulation and risk control
  • 6.6 The confirmation of Basel II
  • 6.7 An introduction to securitization
  • 6.8 Securitization as a mechanism for risk transfer?
  • 6.9 A bridge too far in democratization of lending
  • Part 3: Interest rates, yields, and duration
  • CH$Chapter 7. The dynamics of interest rates
  • 7.1 Introduction
  • 7.2 Who sets interest rates?
  • 7.3 Effect of interest rate hikes on the market
  • 7.4 Interest rates, net asset value, and present value
  • 7.5 What's the purpose of rock-bottom interest rates?
  • 7.6 The shape of interest rate curves
  • 7.7 Modeling the volatility of interest rate p.

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