Book description
Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative instruments, the markets in which financial instruments trade, and the players in those markets. It also addresses the role of financial markets in an economy, the structure and organization of financial markets, the efficiency of markets, and the determinants of asset pricing and interest rates.
Incorporating timely research and in-depth analysis, the Handbook of Finance is a comprehensive 3-Volume Set that covers both established and cutting-edge theories and developments in finance and investing. Other volumes in the set: Handbook of Finance Volume II: Investment Management and Financial Management and Handbook of Finance Volume III: Valuation, Financial Modeling, and Quantitative Tools.
Table of contents
- Copyright
- About the Editor
- Contributors
- Preface
- Guide to the Handbook Handbook of Finance
-
1. Market Players andMarkets
- 1. Overview of Financial Instruments and Financial Markets
- 2. Fundamentals of Investing
-
3. The American Banking System
- 3.1. GLOBAL BANKING CONSTANTS
- 3.2. STRUCTURE OF THE POST-DEPRESSION BANKING SECTOR
- 3.3. FORCES FOR CHANGE IN AMERICAN BANKING IN THE 1980s AND 1990s
- 3.4. DEREGULATION, REREGULATION, AND TODAY'S EVOLVING BANKING SYSTEM
- 3.5. THE AMERICAN BANKING SYSTEM WILL CONTINUE TO BE UNIQUE
- 3.6. SUMMARY
- 3.7. REFERENCES
- 4. Monetary Policy: How the Fed Sets, Implements, and Measures Policy Choices
-
5. Institutional Aspects of the Securities Markets
- 5.1. THE STOCK MARKET EFFICIENCY QUESTION
- 5.2. SOME HISTORY
- 5.3. THE ROLE OF FINANCIAL INFORMATION IN THE MARKET EFFICIENCY QUESTION
- 5.4. THE ROLE OF ORGANIZED MARKETS IN THE MARKET EFFICIENCY QUESTION
- 5.5. THE ROLE OF TRADING IN THE MARKET EFFICIENCY QUESTION
- 5.6. THE ROLE OF SECURITIES MARKET REGULATION IN THE MARKET EFFICIENCY QUESTION
- 5.7. THE ROLE OF STOCK MARKET INDICATORS IN THE MARKET EFFICIENCY QUESTION
- 5.8. SUMMARY
- 5.9. REFERENCES
- 6. Investment Banking
-
7. Securities Innovation
- 7.1. DEBT INNOVATIONS
- 7.2. STRUCTURED PRODUCTS
- 7.3. HYBRID CAPITAL SECURITIES
- 7.4. PREFERRED STOCK INNOVATIONS
-
7.5. CONVERTIBLE SECURITIES INNOVATIONS
- 7.5.1. Reallocation of Investment Risk/More Desirable Pattern of Cash Flows
- 7.5.2. Reductions in Taxes
- 7.5.3. Reductions in Agency Costs
- 7.5.4. Reductions in Transaction Costs
- 7.5.5. Satisfying Regulatory Restrictions
- 7.5.6. Example of a Securities Innovation that Solved a Difficult Corporate Finance Problem
- 7.5.7. Dividend Policy
- 7.6. COMMON EQUITY INNOVATIONS
- 7.7. SUMMARY
- 7.8. REFERENCES
- 8. An Arbitrage Perspective of the Purpose and Structure of Financial Markets
- 9. Complete Markets
-
10. Introduction to Islamic Finance
- 10.1. WHAT IS ISLAMIC FINANCE?
- 10.2. PROHIBITIONS AND THEIR IMPLICATIONS
-
10.3. NOMINATE CONTRACTS: FROM BASIC BUILDING BLOCKS TO COMPLEX STRUCTURES
- 10.3.1. Murabaha
- 10.3.2. Ina and Tawarruq
- 10.3.3. Securitization and Ijara
- 10.3.4. Sukuk
- 10.3.5. Partnerships: Musharaka and Mudaraba
- 10.3.6. Benchmarking to LIBOR
- 10.3.7. Short-Term Sukuk and Salam
- 10.3.8. Parallel Salam
- 10.3.9. Miscellaneous Structures
- 10.3.10. Derivatives
- 10.3.11. The First U.S. Sukuk
- 10.4. SUMMARY
- 10.5. REFERENCES
-
2. Common Stock
-
11. The U.S. Equity Markets
- 11.1. EXCHANGE MARKET STRUCTURES
- 11.2. CHANGES IN EXCHANGE OWNERSHIP AND TRADING STRUCTURES
- 11.3. THE U.S. STOCK MARKETS: EXCHANGES AND OTC MARKETS
- 11.4. OFF-EXCHANGE MARKETS/ALTERNATIVE ELECTRONIC MARKETS
- 11.5. THE CURRENT NYSE STOCK MARKET
- 11.6. EVOLVING STOCK MARKET PRACTICES
- 11.7. BASIC FUNCTIONING OF STOCK MARKETS
- 11.8. SUMMARY
- 11.9. APPENDIX: KEY DATES
- 11.10. ACKNOWLEDGMENTS
- 11.11. REFERENCES
-
12. The Information Content of Short Sales
- 12.1. SHORT SALES: REPORTING, FREQUENCY, AND CONSTRAINTS
- 12.2. ACADEMIC THEORY VERSUS THE TECHNICAL ANALYST'S VIEW
-
12.3. THE EMPIRICAL EVIDENCE
- 12.3.1. Predicting Short-Term Returns with Short Interest: The Early Evidence
- 12.3.2. Predicting Short-Term Returns with and without Hedging and Traded Options
- 12.3.3. Predicting Long-Term Returns with Short Interest
- 12.3.4. Determinants of Short Interest: Strategies, Profitability, and Information Content
- 12.3.5. The Costs of Short Selling as Limits to Arbitrage
- 12.3.6. Short-Sales Transactions and the Implications of More Frequent Reporting
- 12.4. SOME PRACTICAL IMPLICATIONS
- 12.5. SUMMARY
- 12.6. REFERENCES
- 13. Emerging Stock Market Investment
- 14. Listed Equity Options and Futures
- 15. OTC Equity Derivatives
- 16. Volatility Derivatives
-
11. The U.S. Equity Markets
-
3. Fixed Income Instruments
- 17. Bonds: Investment Features and Risks
- 18. Residential Mortgages
- 19. Reverse Mortgages
- 20. U.S. Treasury Securities
-
21. Federal Agency Securities
- 21.1. FEDERALLY RELATED INSTITUTIONS
-
21.2. GOVERNMENT-SPONSORED ENTERPRISES
- 21.2.1. Types and Features of GSE Securities
- 21.2.2. Programmatic GSE Issuance Platforms
- 21.2.3. Description of GSEs and Securities Issued
- 21.2.4. Fannie Mae
- 21.2.5. Freddie Mac
- 21.2.6. Federal Home Loan Bank System (FHL Banks)
- 21.2.7. The Federal Agricultural Mortgage Corporation (Farmer Mac)
- 21.2.8. Federal Farm Credit Bank System (Farm Credit)
- 21.2.9. Sallie Mae
- 21.2.10. Financing Corporation (FICO)
- 21.2.11. Resolution Trust Corporation (REFCORP)
- 21.2.12. Farm Credit Financial Assistance Corporation (FACO)
- 21.2.13. Repo Transactions Market in GSE Debt Collateral
- 21.2.14. Credit Risk
- 21.2.15. Yield Spreads
- 21.3. SUMMARY
- 21.4. REFERENCES
-
22. Municipal Securities
- 22.1. ISSUERS AND ISSUANCE PROCEDURES
- 22.2. TAX-EXEMPT AND TAXABLE MUNICIPAL SECURITIES
- 22.3. TAX PROVISIONS AFFECTING MUNICIPAL SECURITIES
- 22.4. TYPES OF MUNICIPAL SECURITIES
- 22.5. MUNICIPAL BOND YIELDS
- 22.6. FLOATING-RATE MUNICIPAL SECURITIES
- 22.7. RISKS ASSOCIATED WITH INVESTING IN MUNICIPAL BONDS
- 22.8. SUMMARY
- 22.9. REFERENCES
- 23. Corporate Fixed Income Securities
-
24. The Eurobond Market
- 24.1. EUROBONDS
- 24.2. FOREIGN BONDS
- 24.3. EUROBOND INSTRUMENTS
- 24.4. THE ISSUING PROCESS: MARKET PARTICIPANTS
- 24.5. FEES, EXPENSES, AND PRICING
- 24.6. ISSUING THE BOND
- 24.7. COVENANTS
- 24.8. TRUST SERVICES
- 24.9. FORM OF THE BOND
- 24.10. CLEARING SYSTEMS
- 24.11. SECONDARY MARKET
- 24.12. LEGAL AND TAX ISSUES
- 24.13. EUROBONDS AND SWAP TRANSACTIONS
- 24.14. SETTLEMENT
- 24.15. SUMMARY
- 24.16. REFERENCES
-
25. The Euro Government Bond Market
- 25.1. THE EUROZONE: THE FASTEST-GROWING GOVERNMENT BOND MARKET
- 25.2. EURO GOVERNMENT BOND PRIMARY MARKET
-
25.3. SECONDARY MARKET AND INTRA-EURO SPREAD DETERMINANTS
- 25.3.1. Sovereign Credit Ratings
- 25.3.2. Other Intra-Euro Bond Spread Drivers
- 25.3.3. Bond Swap Spreads and Their Relationship to Peripheral Spreads
- 25.3.4. Market Volatility as a Spread Driver
- 25.3.5. Other Related Markets
- 25.3.6. Interest Rate Swaps as the Benchmark Curve for Eurozone Government Bonds
- 25.4. SUMMARY
- 25.5. REFERENCES
-
26. The German Pfandbrief and European Covered Bonds Market
- 26.1. THE PFANDBRIEF MARKET
- 26.2. HISTORY OF THE PFANDBRIEF
- 26.3. KEY FEATURES OF INVESTOR INTEREST
- 26.4. MARKET INSTRUMENTS
- 26.5. KEY DIFFERENCES BETWEEN COVERED BONDS AND ABSs OR MBSs
- 26.6. MARKET PARTICIPANTS
- 26.7. THE CREDIT RATING APPROACH TOWARDS PFANDBRIEFE
- 26.8. THE EUROPEAN COVERED BOND MARKET
- 26.9. SUMMARY
- 26.10. REFERENCES
- 27. Commercial Paper
- 28. Money Market Calculations
- 29. Convertible Bonds
-
30. Syndicated Loans
- 30.1. OVERVIEW OF THE SYNDICATED LOAN
- 30.2. THE SYNDICATION PROCESS
- 30.3. PUBLIC VERSUS PRIVATE
- 30.4. SYNDICATING A LOAN BY FACILITY
- 30.5. PRICING A LOAN IN THE PRIMARY MARKET
- 30.6. MARK-TO-MARKET'S EFFECT
- 30.7. TYPES OF SYNDICATED LOAN FACILITIES
- 30.8. SECOND-LIEN LOANS
- 30.9. COVENANT-LITE LOANS
- 30.10. LENDER TITLES
- 30.11. SECONDARY SALES
- 30.12. DERIVATIVES—LOAN CREDIT DEFAULT SWAPS
- 30.13. PRICING TERMS
- 30.14. COVENANTS
- 30.15. MANDATORY PREPAYMENTS
- 30.16. COLLATERAL
- 30.17. SUMMARY
- 30.18. REFERENCES
- 31. Emerging Markets Debt
- 32. Introduction to Mortgage-Backed Securities
-
33. Structuring Collateralized Mortgage Obligations and Interest-Only/ Principal-Only Securities
- 33.1. NON-CASH-FLOW ASPECTS OF CMOs
- 33.2. COLLATERALIZED MORTGAGE OBLIGATIONS AS RULES
- 33.3. PRINCIPAL-PAY TYPES
- 33.4. INTEREST-PAY TYPES
- 33.5. SEQUENTIAL BONDS
- 33.6. PRO RATA BONDS
- 33.7. SCHEDULED BONDS
- 33.8. SEQUENTIAL PACs AND OTHER COMBINATIONS
- 33.9. INTEREST ONLY AND PRINCIPAL ONLY
- 33.10. SENIOR/SUBORDINATED STRUCTURES
- 33.11. SUMMARY
- 33.12. REFERENCES
- 34. Commercial Mortgage-Backed Securities
-
35. Nonmortgage Asset-Backed Securities
- 35.1. CREDIT CARD RECEIVABLE-BACKED SECURITIES
- 35.2. EARLY AMORTIZATION TRIGGERS
- 35.3. AUTO LOAN-BACKED SECURITIES
- 35.4. STUDENT LOAN ASSET-BACKED SECURITIES
- 35.5. SBA LOAN-BACKED SECURITIES
- 35.6. AIRCRAFT LEASE-BACKED SECURITIES
- 35.7. FRANCHISE LOAN-BACKED SECURITIES
- 35.8. RATE REDUCTION BONDS
- 35.9. SUMMARY
- 35.10. REFERENCES
- 36. Synthetic Asset-Backed Securities
- 37. Catastrophe Bonds
- 38. Collateralized Debt Obligations
- 39. Interest Rate Futures and Forward Rate Agreements
- 40. Interest Rate Swaps
- 41. Interest Rate Options and Related Products
-
42. Introduction to Credit Derivatives
- 42.1. DERIVATIVES: THE BUILDING BLOCK OF CREDIT DERIVATIVES
- 42.2. SECURITIZATION: THE OTHER BUILDING BLOCK
- 42.3. MEANING OF CREDIT DERIVATIVES
-
42.4. ELEMENTS OF A CREDIT DERIVATIVE
- 42.4.1. Bilateral Deals and Capital Market Deals
- 42.4.2. Reference Asset or Portfolio
- 42.4.3. Structured Portfolio Trade
- 42.4.4. Basket Trades
- 42.4.5. Index-Based Credit Derivative Trades
- 42.4.6. Protection Buyer
- 42.4.7. Protection Seller
- 42.4.8. Funded and Unfunded Credit Derivatives
- 42.4.9. Credit Event
- 42.4.10. Notional Value
- 42.4.11. Premium
- 42.4.12. Tenure
- 42.4.13. Loss Computation
- 42.4.14. Threshold Risk or Loss Materiality Provisions
- 42.4.15. Cash and Physical Settlement
- 42.5. QUICK INTRODUCTION TO THE TYPES OF CREDIT DERIVATIVES
- 42.6. CREDIT DERIVATIVES AND TRADITIONAL FINANCIAL GUARANTEE PRODUCTS
- 42.7. CREDIT DERIVATIVES AND SECURITIZATION
- 42.8. SUMMARY
- 42.9. REFERENCES
- 43. Fixed Income Total Return Swaps
- 44. Bond Market Transparency
- 45. Bond Spreads and Relative Value
- 46. The Determinants of the Swap Spread and Understanding the LIBOR Term Premium
-
4. Real Estate
- 47. Real Estate Investment
-
48. Investing in Commercial Real Estate for Individual Investors
- 48.1. IMPORTANCE OF LOCATION
- 48.2. IMPORTANCE OF DIVERSIFICATION
- 48.3. SPECIFIC ADVANTAGES TO INVESTING IN COMMERCIAL REAL ESTATE
- 48.4. SPECIFIC DISADVANTAGES RELATING TO REAL ESTATE
-
48.5. BUSINESS ORGANIZATIONAL FORM
- 48.5.1. Sole Proprietorship
- 48.5.2. General Partnership
- 48.5.3. Limited Partnership
- 48.5.4. Limited Liability Partnership
- 48.5.5. Limited Liability Limited Partnership
- 48.5.6. Registered Limited Liability Partnership
- 48.5.7. Limited Liability Company
- 48.5.8. C Corporation
- 48.5.9. Subchapter S Corporations
- 48.5.10. Closed Corporations
- 48.5.11. Professional Corporations
- 48.5.12. Professional Associations
- 48.5.13. Service Corporations
- 48.5.14. Multiple Forms
- 48.5.15. Franchiser or Franchisee
- 48.6. SUMMARY
- 48.7. REFERENCES
- 49. Types of Commercial Real Estate
- 50. Commercial Real Estate Loans and Securities
-
51. Commercial Real Estate Derivatives
- 51.1. USES AND USERS OF COMMERCIAL REAL ESTATE DERIVATIVES
- 51.2. EXAMPLE: FORWARD CONTRACT
- 51.3. HARVESTING ALPHA EXAMPLE
- 51.4. CAPITAL RETURN SWAP EXAMPLE
- 51.5. REAL ESTATE INDICES
- 51.6. INCOME AND CAPITAL RETURNS
- 51.7. APPRAISAL-BASED INDICES
- 51.8. TRANSACTIONS-BASED INDICES
- 51.9. SUMMARY
- 51.10. APPENDIX: NUMERICAL EXAMPLE OF HOW THE REPEAT-SALES INDEX WORKS
- 51.11. REFERENCES
-
5. Alternative Investments
-
52. Alternative Asset Classes
- 52.1. SUPER ASSET CLASSES
-
52.2. ASSET ALLOCATION
- 52.2.1. Asset Classes and Asset Allocation
- 52.2.2. Strategic versus Tactical Allocations
- 52.2.3. Efficient versus Inefficient Asset Classes
- 52.2.4. Constrained versus Unconstrained Investing
- 52.2.5. Asset Location versus Trading Strategy
- 52.2.6. Alternative Beta and the Efficient Frontier
- 52.2.7. Asset Class Risk Premiums versus Trading Strategy Risk Premiums
- 52.3. SUMMARY
- 52.4. REFERENCES
-
53. Hedge Funds
- 53.1. HEDGE FUNDS VERSUS MUTUAL FUNDS
- 53.2. CATEGORIES OF HEDGE FUNDS
- 53.3. HEDGE FUND STRATEGIES
- 53.4. SHOULD HEDGE FUNDS BE PART OF AN INVESTMENT PROGRAM?
- 53.5. IS HEDGE FUND PERFORMANCE PERSISTENT?
- 53.6. A HEDGE FUND INVESTMENT STRATEGY
- 53.7. SELECTING A HEDGE FUND MANAGER
- 53.8. SUMMARY
- 53.9. REFERENCES
- 54. Introduction to Venture Capital
- 55. Assessing Hedge Fund Investment Risk in Common Hedge Fund Strategies
-
56. Diversify a Portfolio with Tangible Commodities
-
56.1. THE BENEFITS OF TANGIBLE COMMODITIES
- 56.1.1. The Historical Returns of Commodities Are Similar to Those of Equities
- 56.1.2. Returns of Commodities Are Not Correlated with Those of Equities and Bonds
- 56.1.3. Add Commodities to Your Portfolio for Increased Risk-Adjusted Return
- 56.1.4. Commodities Can Protect a Portfolio during Periods of Uncertainty
- 56.2. HOW TO GET COMMODITY EXPOSURE
- 56.3. SUMMARY
- 56.4. REFERENCES
-
56.1. THE BENEFITS OF TANGIBLE COMMODITIES
- 57. The Fundamentals of Commodity Investments
- 58. Art Finance
- 59. Investing in Life Settlements
-
52. Alternative Asset Classes
-
6. Investment Companies, ETFs, and Life Insurance Products
-
60. Investment Companies
- 60.1. TYPES OF INVESTMENT COMPANIES
- 60.2. FUND SALES CHARGES AND ANNUAL OPERATING EXPENSES
- 60.3. ADVANTAGES OF INVESTING IN MUTUAL FUNDS
- 60.4. TYPES OF FUNDS BY INVESTMENT OBJECTIVE
- 60.5. THE CONCEPT OF A FAMILY OF FUNDS
- 60.6. TAXATION OF MUTUAL FUNDS
- 60.7. REGULATION OF FUNDS
- 60.8. STRUCTURE OF A FUND
- 60.9. RECENT CHANGES IN THE MUTUAL FUND INDUSTRY
- 60.10. MUTUAL FUNDS VERSUS EXCHANGE-TRADED FUNDS
- 60.11. REFERENCES
-
61. Exchange-Traded Funds
-
61.1. THE HISTORY AND STRUCTURE OF ETFs AND SOME COMPETITORS
- 61.1.1. Portfolio Trading
- 61.1.2. Toronto Stock Exchange Index Participations (TIPs)
- 61.1.3. Standard & Poor's Depository Receipts (SPDRs)
- 61.1.4. World Equity Benchmark Shares (WEBS)—Renamed iShares MSCI Series
- 61.1.5. ETFs AND OTHER TRADABLE BASKET PRODUCTS
- 61.1.6. Closed-End Funds
- 61.1.7. "Open" Exchange-Traded Funds
- 61.1.8. Holding Company Depository Receipts (HOLDRs)
- 61.1.9. Folios
- 61.1.10. Exchange-Traded Notes (ETNs) and Other Structured Products
- 61.1.11. A Side-by-Side Comparison of Tradable Basket Products
- 61.1.12. Improving ETFs
- 61.2. SUMMARY
- 61.3. REFERENCES
-
61.1. THE HISTORY AND STRUCTURE OF ETFs AND SOME COMPETITORS
- 62. Investment-Oriented Life Insurance
-
63. Stable Value Investment Options for Defined Contribution Plans
- 63.1. THE NEED FOR STABLE VALUE INVESTING
- 63.2. TYPES OF STABLE VALUE FUNDING VEHICLES
- 63.3. BUYERS OF STABLE VALUE PRODUCTS
- 63.4. COMMON FEATURES OF STABLE VALUE PRODUCTS
- 63.5. CONTRACT ISSUANCE
- 63.6. PLAN SPONSOR MANAGEMENT ISSUES
- 63.7. ISSUER CONSIDERATIONS
- 63.8. ASSET/LIABILITY MANAGEMENT
- 63.9. UNDERWRITING
- 63.10. LEGAL AND REGULATORY ISSUES
- 63.11. SOME HISTORICAL LESSONS LEARNED
- 63.12. PROS AND CONS OF DIFFERENT STABLE VALUE OPTION FUNDING VEHICLES
- 63.13. NEW DEVELOPMENTS IN PRINCIPAL-PROTECTED PRODUCTS
- 63.14. SUMMARY
- 63.15. REFERENCES
-
60. Investment Companies
-
7. Foreign Exchange
-
64. An Introduction to Spot Foreign Exchange
- 64.1. BRIEF HISTORY
- 64.2. FOREIGN EXCHANGE EXPOSURE
- 64.3. BASIC USES
- 64.4. CHARACTERISTICS
- 64.5. MAJOR PARTICIPANTS AND THEIR ROLES
- 64.6. SPOT FOREIGN EXCHANGE
- 64.7. SPOT TRANSACTIONS
- 64.8. CROSS RATES
- 64.9. PRICE DETERMINANTS
- 64.10. RISK CONSIDERATIONS
- 64.11. ASKING FOR A QUOTE
- 64.12. SUMMARY
- 64.13. REFERENCES
-
65. An Introduction to Foreign Exchange Derivatives
-
65.1. FOREIGN EXCHANGE FORWARD CONTRACTS
- 65.1.1. Definitions
- 65.1.2. Interest Rate Differentials
- 65.1.3. Periods
- 65.1.4. Premium or Discount
- 65.1.5. Calculations
- 65.1.6. Bids and Offers
- 65.1.7. To Add or Subtract
- 65.1.8. Forward Quotes
- 65.1.9. Forward Cross Rates
- 65.1.10. Risks Involved
- 65.1.11. Short-Dated Contracts
- 65.1.12. Long-Dated Contracts
- 65.1.13. Broken-Dated Contracts
- 65.1.14. Outright Forwards
- 65.2. NONDELIVERABLE FORWARDS
- 65.3. FOREIGN EXCHANGE SWAPS
- 65.4. CURRENCY SWAPS
- 65.5. FOREIGN EXCHANGE FUTURES
- 65.6. EXCHANGE FOR PHYSICAL
- 65.7. SUMMARY
- 65.8. REFERENCES
-
65.1. FOREIGN EXCHANGE FORWARD CONTRACTS
-
66. Introduction to Foreign Exchange Options
-
66.1. FOREIGN EXCHANGE OPTIONS
- 66.1.1. Call Option
- 66.1.2. Put Option
- 66.1.3. Exchange-Traded Options versus Over-the-Counter Options
- 66.1.4. Applications of Foreign Exchange Options
- 66.1.5. Alternatives to Foreign Exchange Options
- 66.1.6. Parties and the Risks Involved
- 66.1.7. Currency or Dollar Call or Put Option?
- 66.1.8. Users of Foreign Exchange Options
- 66.1.9. Differences between Hedging and Speculation
- 66.1.10. American versus European
- 66.2. BASICS OF OPTION THEORY
- 66.3. THE PREMIUM
- 66.4. OTHER CONSIDERATIONS
- 66.5. SUMMARY
- 66.6. REFERENCES
-
66.1. FOREIGN EXCHANGE OPTIONS
-
64. An Introduction to Spot Foreign Exchange
-
8. Inflation-Hedging Products
- 67. Inflation-Linked Bonds
- 68. Introduction to Inflation Derivatives
-
9. Inflation-Hedging Products
- 69. An Introduction to Securities Lending
- 70. Mechanics of the Equity Lending Market
- 71. Securities Lending, Liquidity, and Capital Market-Based Finance
- 72. Repurchase Agreements and Dollar Rolls
Product information
- Title: Handbook of Finance: Financial Markets and Instruments
- Author(s):
- Release date: August 2008
- Publisher(s): Wiley
- ISBN: 9780470078143
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