Economia Politica y Filosofia Social

The global market for inflation-indexed securities has ballooned in recent years, and this trend is set to continue. This book examines the rationale behind issuance and investment decisions, and details the issues facing anyone who designs indexed securities, illustrating them wherever possible with actual examples from the international capital markets. In particular, an extensive review of indexed debt markets throughout the world is provided - including for the first time, a comprehensive and consistent set of cash flow and price-yield equations for the instruments already in existence in the major bond markets - forming an important reference for those already experienced in the field, as well as practitioners and academics approaching the subject for the first time. The book also provides unique insight into the development of inflation-indexed derivative products, and the analytical tools required to value such instruments. This Book Provides Comprehensive Coverage Of Many Aspects Of Inflation-indexed Securities, From The Rationale Of The Investors And Issuers Who Utilise Them, To The Factors To Be Considered When Such Instruments Are Designed. As Well As An Extensive Review Of The World's Inflation-linked Debt Markets, The Authors Also Provide A Series Of Technical Appendices, Featuring A Consistent Set Of Cash Flow And Price-yield Equations For The Largest Bond Markets. These Form An Important Reference For Those Already Experienced In The Field, As Well As For Practitioners, Academics, Policy-makers And Financial Software Developers Approaching The Subject For The First Time.--jacket. What Are Inflation-indexed Securities And Derivatives? -- Security Design -- Why Invest In Indexed Debt? -- Why Issue Indexed Bonds? -- Inflation And Real Interest Rate Analysis -- Major International Indexed Bond Markets -- Other Indexed Bond Markets -- Inflation-linked Derivatives: Market Description -- Inflation-linked Derivatives: Pricing, Hedging And Other Technical Aspects. Mark Deacon, Andrew Derry And Dariush Mirfendereski. Previously Published: London: Prentice Hall Europe, 1998. Includes Bibliographical References (p. [301]-[315]) And Index. Many securities have cash flows linked to an index of some kind, in order to protect both investors and issuers from the economic consequences of fluctuations in prices of goods reflected by that index.