The evolution of creditary structures and controls

Money is negotiable debts. Monetarist principles have to date largely ignored the supply of new credit and trade credit. High interest rates cause inflation, stagflation and unemployment, but never cure. The author argues that governments use faulty methods for regulating credit and argues the use ...

The LIBOR market model in practice

The LIBOR market model is an interest rate model that is used to price derivatives. Whilst the number of books on interest rate modeling is large, this is a reflection of the speed of development of the theory and market demand. This book will concentrate ...

The economics and regulation of financial privacy

an international comparison of credit reporting systems

This book provides the first in-depth analysis of the economics and regulation of financial privacy. It is an international comparison of credit reporting systems in the United States and in European countries. On the theoretical level the book explains competition in information markets, especially in ...

Active credit portfolio management

a practical guide to credit risk management strategies

The introduction of the euro in 1999 marked the starting point of the development of a very liquid and heterogeneous EUR credit market, which exceeds EUR 350 bn in respect to outstanding corporate bonds. Against this background, credit risk trading and credit portfolio management gained ...

Credit derivatives

techniques to manage credit risk for financial professionals

ÍNDICE: Part I: Credit Derivative Products and Application: 1: An Introduction to Credit Derivatives. 2: Fundamental Credit Derivative Products . 3: Structured and Synthetic Credit Products. 4: An Overview of Credit Derivative Applications. Part II: Valuation Tools: 5: A Primer on Risk Modeling . 6: A Basic ...

The economics of consumer credit

This work offers a cross-national analysis of empirical, theoretical, and policy issues in the consumer credit industry, including household debt, credit card usage, and bankruptcy. Academic research and policy discussions of credit markets usually focus on borrowing by firms and producers rather than households, which ...

House prices and the macroeconomy

implications for banking and price stability

House price bubbles, and their aftermath, have become a focus of macro- economic policy concern in most developed countries. This book elucidates the two-way relationship between house-price fluctuations and economic fundamentals. Housing has many features which make it distinct from other assets, like equity. Real ...

Handbook mortgage backed securities

Frank J. Fabozzi is one of the world's foremost authorities on fixed income securities and derivative instruments, and the author or editor of dozens of widely acclaimed fixed income books, including The Handbook of Fixed Income Securities, which sold more than 25,000 copies ...

La gestión de riesgos y la nueva regulación bancaria

El papel de las Cajas de Ahorros en la promoción del tejido productivo y la cohesión social

Money, trust, and banking

an integrated approach to monetary theory and banking theory

This book shows how money and banks emerge to efficiently address problems of trust between economic agents. The analysis offers an innovative approach for integrating monetary theory, banking theory, and standard economic theory in a game theoretical framework. The unified perspective of the book contributes ...

Committee decisions on monetary policy

evidence from historical records of the Federal Open Market Committee

The monetary and financial system

A course in monetary economics

sequential trade, money, and uncertainty

ÍNDICE Introduction Money in the Utility Function More Explicit Models of MoneyMonetary Economics and Public FinanceThe Regulation of Banks and Near MoneysMoney and the Business Cycle: Does Money Matter? Sticky Prices in a Cash-in-Advance ModelFlexible PricesUncertain and Sequential Trade (UST) ModelsA Monetary UST ModelLimited Participation ...

The money markets handbook

a practitioners' guide

In The Money Markets Handbook Moorad Choudhry provides, in one comprehensive volume, the description, trading, analysis and calculations of the major markets around the world, providing worked examples and exercises throughout to provide a landmark publication on this important topic. Unique features, including a list ...

The economics of european integration

limits and prospects

It is of paramount importance that European firms, investors and countries, take into consideration the implications, changes and opportunities of European integration in their decision-making processes. This is reinforced by the fact that the EU has been continuously evolving and enlarging. This textbook is one ...

Challenges for Central Banks in an enlarged EMU

Exclusión financiera

(Revista Perspectivas del Sistema Financiero, Nº 84, año 2005)

The monetary and financial system

The European Central Bank

credibility, transparency, and centralization

The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and ...