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Author: Patrick J. Brown Publisher: Irwin Professional Publishing ISBN: 9781557388148 Category : Aktiemarked Languages : en Pages : 123
Book Description
A cutting-edge book for bond market professionals. With the explosion in international bond investment, traders and investors need benchmarks to compare different markets and to measure their own performance. Brown's book explains how popular bond indices are constructed, the strengths and weaknesses of the indices, and how they differ from one another.
Author: Patrick J. Brown Publisher: Irwin Professional Publishing ISBN: 9781557388148 Category : Aktiemarked Languages : en Pages : 123
Book Description
A cutting-edge book for bond market professionals. With the explosion in international bond investment, traders and investors need benchmarks to compare different markets and to measure their own performance. Brown's book explains how popular bond indices are constructed, the strengths and weaknesses of the indices, and how they differ from one another.
Author: Lauren Stagnol Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
Doubts are rising whether bond indices, in the way they are constructed, are effective in their role of representing the markets they are designed for. Since index constituents are defined on market shares - the larger the debt obligation, the larger the share in the index - it may be that certain risks related to a high level of indebtedness are being accentuated and not necessarily representative of the market as a whole. Undue debt levels would in theory not arise in an information-efficient market, however, if prices are distorted, it makes sense to compensate for that and add elementary information on the debt issuers to the index construction process. We test how that works out on corporate bonds. We build a bond index that is based on firm accounting data rather than debt market value, and give evidence that it may serve as a market proxy.
Author: Patrick J. Brown Publisher: John Wiley & Sons ISBN: 0470030747 Category : Business & Economics Languages : en Pages : 242
Book Description
This book gives an introduction to the bond markets for practitioners and new entrants who need to understand what they are, how they work and how they can be used, but do not want to be intimidated by mathematical formulae. By the end of the book readers will be able to decide whether to invest in the bond market. The mathematical formulae will be relegated to the appendices and supplemented by a companion website which allows users to enter their own bond market investments, to simulate anticipated events and see the results. Patrick Brown is well-known as Chairman of the European Bond commission (recently retired) The only bond book that does not rely heavily on mathematical formulae
Author: Sidney M Levy Publisher: Butterworth-Heinemann ISBN: 0123822440 Category : Technology & Engineering Languages : en Pages : 701
Book Description
Construction Calculations is a manual that provides end users with a comprehensive guide for many of the formulas, mathematical vectors and conversion factors that are commonly encountered during the design and construction stages of a construction project. It offers readers detailed calculations, applications and examples needed in site work, cost estimation, piping and pipefitting, and project management. The book also serves as a refresher course for some of the formulas and concepts of geometry and trigonometry. The book is divided into sections that present the common components of construction. The first section of the books starts with a refresher discussion of unit and systems measurement; its origin and evolution; the standards of length, mass and capacity; terminology and tables; and notes of metric, U.S, and British units of measurements. The following concepts are presented and discussed throughout the book: Conversion tables and formulas, including the Metric Conversion Law and conversion factors for builders and design professionals Calculations and formulas of geometry, trigonometry and physics in construction Rudiments of excavation, classification, use of material, measurement and payment Soil classification and morphology, including its physicochemical properties Formulas and calculations needed for soil tests and evaluations and for the design of retaining structures Calculations relating to concrete and masonry Calculations of the size/weight of structural steel and other metals Mechanical properties of wood and processing of wood products Calculations relating to sound and thermal transmission Interior finishes, plumbing and HVAC calculations Electrical formulas and calculations Construction managers and engineers, architects, contractors, and beginners in engineering, architecture, and construction will find this practical guide useful for managing all aspects of construction. - Work in and convert between building dimensions, including metric - Built-in right-angle solutions - Areas, volumes, square-ups - Complete stair layouts - Roof, rafter and framing solutions - Circle: arcs, circumference, segments
Book Description
With the increasing occurrence of severe natural or man-made disasters, the demand for high-layer reinsurance, which is provided by so-called catastrophe (CAT) bonds, has risen. Simultaneously, the interesting risk-reward profile of these instruments has caught the attention of researchers. To contribute to the emerging catastrophe bond risk premium literature, this thesis provides evidence for a non-diversification risk premium for U.S. CAT bonds by computing indices for the European and Japanese CAT bond markets. Furthermore, this thesis provides an index replicating model, which enables researchers to compare different segments of the CAT bond market to the indices published by Swiss Re. Hence, the replicating model allows to build an in-depth understanding of the functioning of CAT bond markets. The main finding of this thesis is that the European and Japanese CAT bond markets both underperform the full market, providing evidence that they are better diversification instruments.
Author: Patrick J. Brown
Author: Patrick J. Brown
Author: Patrick J. Brown
Author: Lauren Stagnol
Author: Patrick J. Brown
Author: Irving Fisher
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Author: Sidney M Levy
Author: Raphael André Oesch
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