Inflation-indexed Securities Bonds, Swaps and Other Derivatives, Second Edition

Inflation-indexed Securities: Bonds, Swaps and Other Derivatives, Second Edition By Mark Deacon, Andrew Derry, Dariush Mirfendereski(auth.)
2004 | 353 Pages | ISBN: 0470868120 | PDF | 5 MB
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.Content: Chapter 1 What are Inflation?indexed Securities and Derivatives? (pages 1-8): Chapter 2 Security Design (pages 9-42): Chapter 3 Why Invest in Indexed Debt? (pages 43-58): Chapter 4 Why Issue Indexed Bonds? (pages 59-71): Chapter 5 Inflation and Real Interest Rate Analysis (pages 73-92): Chapter 6 Major International Indexed Bond Markets (pages 93-178): Chapter 7 Other Indexed Bond Markets (pages 179-233): Chapter 8 Inflation?linked Derivatives: Market Description (pages 235-267): Chapter 9 Inflation?linked Derivatives: Pricing, Hedging and Other Technical Aspects (pages 269-296): Chapter 10 Conclusion (pages 297-300):