The Rationale and Design of Inflation-Indexed Bonds

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451842864
Total Pages : 70 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Rationale and Design of Inflation-Indexed Bonds by : Mr.Robert T. Price

Download or read book The Rationale and Design of Inflation-Indexed Bonds written by Mr.Robert T. Price and published by International Monetary Fund. This book was released on 1997-01-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper surveys debt management, monetary policy, and welfare arguments on the use of inflation-indexed bonds, and relates these to the experiences of various issuers. The paper also considers some important design features of indexed bonds.

Inflation-indexed Securities

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470868988
Total Pages : 360 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Inflation-indexed Securities by : Mark Deacon

Download or read book Inflation-indexed Securities written by Mark Deacon and published by John Wiley & Sons. This book was released on 2004-04-21 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Computational Intelligence in Business and Economics

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Author :
Publisher : World Scientific
ISBN 13 : 9814324434
Total Pages : 836 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Computational Intelligence in Business and Economics by : Anna M. Gil-Lafuente

Download or read book Computational Intelligence in Business and Economics written by Anna M. Gil-Lafuente and published by World Scientific. This book was released on 2010 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides some of the most recent developments in Computational Intelligence applied to business and economics presented at the MS'10 International Conference, Barcelona, 15 17 July, 2010. It presents several new theoretical advancements and a wide range of applications in different business and economic areas including accounting, finance, management, marketing, sports, tourism, economics and politics, and also some applications related with engineering and modeling and simulation. This book is very useful for researchers and graduate students interested in pursuing research in business and economics with an orientation to modern techniques for dealing with uncertainty such as those related with modeling and simulation and computational intelligence.

Statistical Implications of Inflation Targeting

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589061323
Total Pages : 396 pages
Book Rating : 4.0/5 (613 download)

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Book Synopsis Statistical Implications of Inflation Targeting by : Mrs.Carol S. Carson

Download or read book Statistical Implications of Inflation Targeting written by Mrs.Carol S. Carson and published by International Monetary Fund. This book was released on 2002-09-25 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together the experience of central banks and national statistical agencies in countries that focus their monetary policy on inflation targets. Inflation targeting has led to a close interface between these two sets of institutions. When the performance of a central bank is measured in terms of specified price indices, which are usually compiled and disseminated by the national statistical agency, the role of national statistical agencies becomes central to the credibility of monetary policy. Data needs and uses have also shifted, with implications for national and international statistics compilation: market data have gained in importance; less emphasis is placed on traditional monetary aggregates; and greater attention is paid to timeliness, adherence to sound economic accounting standards, and other aspects of data quality.

Developing Government Bond Markets: A Handbook

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821349557
Total Pages : 452 pages
Book Rating : 4.3/5 (495 download)

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Book Synopsis Developing Government Bond Markets: A Handbook by :

Download or read book Developing Government Bond Markets: A Handbook written by and published by World Bank Publications. This book was released on 2001-09-21 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who have a substantial need to understand the policy issues involved.

Inflation Expectations

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Author :
Publisher : Routledge
ISBN 13 : 1135179778
Total Pages : 402 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Inflation Expectations by : Peter J. N. Sinclair

Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

The Tax Treatment of Government Bonds

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451844220
Total Pages : 26 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Tax Treatment of Government Bonds by : Mr.John Norregaard

Download or read book The Tax Treatment of Government Bonds written by Mr.John Norregaard and published by International Monetary Fund. This book was released on 1997-03-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: In their effort to finance fiscal deficits at a reasonable cost, governments compete with other users of financial capital. Governments, however, are in the unique position that they are the only debt suppliers that can determine the taxation of debt instruments they issue. Following an overview of the current tax treatment of government bonds in OECD countries, this paper argues that—on purely economic grounds—there are no reasons for exempting interest on government bonds. Administrative difficulties in capturing interest on many other debt instruments in the tax net may, however, provide a rationale for doing so.

Israel

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451819447
Total Pages : 114 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Israel by : International Monetary Fund

Download or read book Israel written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-04-05 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Israel during the 1990s. The paper analyzes tax revenue shortfalls in 1995–97. The factors that have contributed to overruns in the budget deficit relative to its targeted level are examined. The analysis indicates that the main difficulty has stemmed from the revenue side, and details the various areas where problems have occurred. The paper examines whether stable estimating equations for the major tax components can be established. The paper also examines volatility of interest rates in Israel.

Accompanying Document to the Guidelines for Public Debt Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498328148
Total Pages : 367 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Accompanying Document to the Guidelines for Public Debt Management by : International Monetary Fund

Download or read book Accompanying Document to the Guidelines for Public Debt Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-11-21 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

IMF Survey

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451937504
Total Pages : 458 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Survey by : International Monetary Fund. External Relations Dept.

Download or read book IMF Survey written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 1997-01-01 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

Challenges to Central Banking from Globalized Financial Systems

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589062177
Total Pages : 314 pages
Book Rating : 4.0/5 (621 download)

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Book Synopsis Challenges to Central Banking from Globalized Financial Systems by : Ms.Andrea Schaechter

Download or read book Challenges to Central Banking from Globalized Financial Systems written by Ms.Andrea Schaechter and published by International Monetary Fund. This book was released on 2004-03-02 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing global financial market integration is presenting new challenges to central banks as they seek to attain low inflation and financial stability. This volume is based on a conference hosted by the IMF in September 2002. It examines key issues such as the choice of nominal anchor for countries susceptible to shifts in capital flows, what can be done to prevent and deal decisively with financial crises, and how central bankers should think about the difficult choices when monetary objectives and financial stability objectives come into conflict.

Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1463959370
Total Pages : 39 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity by : Mr.Obert Nyawata

Download or read book Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity written by Mr.Obert Nyawata and published by International Monetary Fund. This book was released on 2012-01-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenging question of whether central banks should use treasury bills or central bank bills for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central bank bills, the paper argues that treasury bills are the first best option especially because positive externalities for the financial sector and the rest of the economy. However, the main considerations in the choice should be: (i) operational independence for the central bank; (ii) market development; and (iii) the strengthening of the transmission of monetary policy impulses.

Debt Management in Brazil

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4./5 ( download)

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Book Synopsis Debt Management in Brazil by : Afonso S. Bevilaqua

Download or read book Debt Management in Brazil written by Afonso S. Bevilaqua and published by World Bank Publications. This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1994-98, Brazil's domestic debt grew very rapidly while remaining short in maturity. The main policy recommendations for managing this domestic debt situation: maintain a tighter fiscal stance and consider the use of inflation-linked bonds.

Sovereign Debt Structure for Crisis Prevention

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Publisher : International Monetary Fund
ISBN 13 : 1589063775
Total Pages : 72 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Sovereign Debt Structure for Crisis Prevention by : Mr.Eduardo Borensztein

Download or read book Sovereign Debt Structure for Crisis Prevention written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 2005-01-26 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how government debt could be structured to pursue other objectives, including crisis prevention, international risk-sharing, and facilitating the adjustment of fiscal variables to changes in domestic economic conditions. To that end, the paper considers recently developed analytical approaches to improving sovereign debt structure using existing instruments, and reviews a number of proposals--including the introduction of explicit seniority and GDP-linked instruments--in the sovereign context.

Handbook of Inflation Indexed Bonds

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 9781883249489
Total Pages : 314 pages
Book Rating : 4.2/5 (494 download)

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Book Synopsis Handbook of Inflation Indexed Bonds by : John Brynjolfsson

Download or read book Handbook of Inflation Indexed Bonds written by John Brynjolfsson and published by John Wiley & Sons. This book was released on 1999-02-15 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Inflation Indexed Bonds provides complete coverage of inflation protection bonds beginning with their first U.S. issuance in 1997. Five, in-depth sections detail: strategic asset allocation; mechanics, valuation, and risk monitoring; global environment; issuers; and investors.

Instruments of Monetary Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557755988
Total Pages : 316 pages
Book Rating : 4.7/5 (559 download)

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Book Synopsis Instruments of Monetary Management by : Mr.Tomás J. T. Baliño

Download or read book Instruments of Monetary Management written by Mr.Tomás J. T. Baliño and published by International Monetary Fund. This book was released on 1997-09-07 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries have reformed their monetary instruments over the last few years. Edited by Tomas J.T. Balino and Lorena M. Zamalloa, this volume deals with the design, implementation, and coordination of major monetary policy instruments, highlighting relevant country experiences. In particular, it discusses how to adapt those instruments to the financial environment as well as how to help this environment to develop.

IMF Staff papers

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Publisher : International Monetary Fund
ISBN 13 : 1451947240
Total Pages : 156 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1997-01-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chilean pension reform of 1981, a shift from cm unfunded to a funded scheme, is considered to have contributed to this country’s excellent economic performance. Positive growth effects allow, in principle, a Pareto-improving shift in pension financing. This paper highlights the theoretical underpinnings of the reform and presents empirical data and preliminary econometric testing of the conjectured reform effects on financial market developments, as well as the impact on total factor productivity. capital formation, and private saving. The empirical evidence is consistent with most but not all claims. In particular, the direct impact of the reform on saving was low, and initially even negative.