Fixed income analysis

The essential guide to fixed income portfolio management, fromthe experts at CFA Fixed Income Analysis provides authoritative andup-to-date coverage of how investment professionals analyze andmanage fixed income portfolios. With detailed information from CFAInstitute, this guide contains comprehensive, example-drivenpresentations of all essential topics in the field ...

La prima de riesgo de la deuda soberana y la solvencia del Estado

un análisis a partir del enfoque de opciones reales

En el actual contexto económico la disección y análisis de la prima de riesgo negociada de la deuda soberana constituye una cuestión de primer orden para el conjunto de agentes económicos y, en particular, para emisores, inversores y responsables de política monetaria. En el ámbito ...

Fixed income modelling

Fixed Income Modelling offers a unified presentation of dynamic term structure models and their applications to the pricing and risk management of fixed income securities. It explains the basic fixed income securities and their properties and uses as well as the relations between those securities ...

The next economic disaster

why it's coming and how to avoid it

Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic ...

Fixed income markets

management, trading and hedging

This is a comprehensive, in-depth look at global debt capital markets in the post-crisis world. Fully updated with comprehensive coverage of the post-crisis debt markets and their impact on key industry issues, Fixed Income Markets: Management, Trading, and Hedging, Second Edition offers insights into derivative ...

The sovereign debt crisis

placing a curb on growth

The Sovereign Debt Crisis, 2012 edition, looked at how governments ran up substantial deficits in order to avert a worldwide depression and their subsequent attempts to rebalance their budgets. This updated edition concentrates on the delicate balancing act the economies of the United States, Japan ...

Ipo banks

pitch, selection and mandate

In this practical guide, Philippe Espinasse, a former equity capital markets banker and author of IPO: A Global Guide, looks at what goes on behind the scenes when investment banks pitch for IPOs to companies and their shareholders. In clear and simple language, he offers ...

Rethinking sovereign debt

politics, reputation, and legitimacy in modern finance

Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its loan obligations damages its reputation, inviting still greater problems down the road. Yet difficult dilemmas arise from this ...

Gestión activa de carteras de renta fija

Un enfoque práctica

Ante la complejidad adquirida por los mercados financieros y la demanda cada vez más sofisticada de los inversores, combinar la intuición y la experiencia profesional con los conocimientos técnicos necesarios para gestionar, distribuir y asesorar sobre activos financieros en los mercados de capilates se ha ...

Sovereign wealth funds

the new intersection of money and politics

Sovereign wealth funds are a growing and dynamic force in international finance. The shifting international economic relations from capital rich states gives them new power in influencing the global agenda. Despite controlling trillions of dollars in the biggest companies in the world, little is known ...

Bonds are not forever

the crisis facing fixed income investors

An up-close look at the fixed income market and what lies ahead Interweaving compelling, and often amusing, anecdotes from author Simon Lack's distinguished thirty-year career as a professional investor with hard economic data, this engaging book skillfully reveals why Bonds Are Not Forever . Along ...

Qué hacemos con la deuda

Decir que sufrimos una crisis de deuda es como no decir nada. Hay que responder a varias preguntas para entender qué tipo de crisis de deuda vive España, y cómo salir de ella. ¿Cómo se formó esa deuda? ¿Qué peso ha tenido la privada frente ...

Liquidez, volatilidad estocástica y saltos

Este trabajo estudia las tres características clave de los precios de los activos, liquidez, rentabilidad y riesgo, las cuales forman el conjunto de los tres puntos de referencia en la toma de decisiones de cualquier inversión financiera. El objetivo es doble. En primer lugar, analizar ...

Manual de instrumentos de renta fija, estructurados y tipos de interés y crédito

Los cambios suscitados en los mercados financieros internacionales en los últimos años a la luz de unas de las mayores crisis en ellos registrados, no ha podido pasar desapercibida en los instrumentos de renta fija. Todo lo contrario, indicadores tales como la prima de riesgo ...

The public debt problem

a comprehensive guide

The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of ...

The coming bond market collapse

how to survive the demise of the U.S. debt market

The coming financial apocalypse and what government and individuals can do to insulate themselves against the worst shocks In this controversial book a noted adherent of Austrian School of Economics theories advances the thesis that the United States is fast approaching the end stage of ...

The new economics of sovereign wealth funds

A complete guide to sovereign wealth funds written by and for industry practitioners Sovereign wealth funds (SWFs) aren't new, but they are often misunderstood. As they've attracted more attention over the last decade and grown greatly in size, the need for a new ...

The handbook of fixed income securities

The definitive guide to fixed income investing--revised and updated for the new era of investing The Handbook of Fixed Income Securities is the investing industry's most trusted, widely followed fixed income reference. For nearly three decades, investors have been drawn to its unparalleled scope ...

Fixed income securities

tools for today´s markets

Fixed income practitioners need to understand the conceptual frameworks of their field; to master its quantitative tool-kit; and to be well-versed in its cash-flow and pricing conventions. Fixed Income Securities, Third Edition by Bruce Tuckman and Angel Serrat is designed to balance these three objectives ...

Fixed income modelling

Fixed Income Modelling offers a unified presentation of dynamic term structure models and their applications to the pricing and risk management of fixed income securities. It explains the basic fixed income securities and their properties and uses as well as the relations between those securities ...