Local Currency Bond Markets - A Diagnostic Framework
Local Currency Bond Markets - A Diagnostic Framework

Author: World Bank

Publisher: International Monetary Fund

Published: 2013-07-09

Total Pages: 40

ISBN-13: 1498341527

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In November 2011, the G-20 endorsed an action plan to support the development of local currency bond markets (LCBM). International institutions—the IMF, the World Bank, the EBRD, and the OECD—were asked to draw on their experience to develop a diagnostic framework (DF) to identify general preconditions, key components, and constraints for successful LCBM development. The objective is to provide a tool for analyzing the state of development and efficiency of local currency bond markets. The application of the DF is expected to be flexible, bearing in mind that the potential for LCBM development depends on economic size, financing needs, and stage of economic development.

Ratings, Rating Agencies and the Global Financial System
Ratings, Rating Agencies and the Global Financial System

Author: Richard M. Levich

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 380

ISBN-13: 1461509998

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Ratings, Rating Agencies and the Global Financial System brings together the research of economists at New York University and the University of Maryland, along with those from the private sector, government bodies, and other universities. The first section of the volume focuses on the historical origins of the credit rating business and its present day industrial organization structure. The second section presents several empirical studies crafted largely around individual firm-level or bank-level data. These studies examine (a) the relationship between ratings and the default and recovery experience of corporate borrowers, (b) the comparability of credit ratings made by domestic and foreign rating agencies, and (c) the usefulness of financial market indicators for rating banks, among other topics. In the third section, the record of sovereign credit ratings in predicting financial crises and the reaction of financial markets to changes in credit ratings is examined. The final section of the volume emphasizes policy issues now facing regulators and credit rating agencies.

The Investment Banking Handbook
The Investment Banking Handbook

Author: J. Peter Williamson

Publisher: John Wiley & Sons

Published: 1991-01-16

Total Pages: 602

ISBN-13: 9780471815624

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This edited volume offers thorough coverage of the business of investment banking, including much inside information based on the extensive professional experience of the contributors. Comprising 32 chapters, covering every facet of investment banking, from its historical origins in the U.S. to the current high-dollar activity in mergers and acquisitions. Contributors are noted businessmen and academics from the U.S., Canada, Europe, and Japan. Chapters fall into eight sections: investment banking today, raising capital, transactional activities, specialized financial instruments, tax-exempt financing, broker activities, commercial banks and investment banking, and investment banking outside the United States. Raising capital is traditionally what investment banking is all about, and the Handbook explains who does it and how it's done.

Capital Markets in India
Capital Markets in India

Author: Rajesh Chakrabarti

Publisher: SAGE Publications

Published: 2010-11-10

Total Pages: 419

ISBN-13: 8132105001

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This book provides a comprehensive picture of the recent trends and developments in the Indian finance scenario. It provides the reader with a comprehensive description and assessment of the Indian capital markets and an analytical approach together with a description of major recent developments and the current status of the finance sector. The collection deals with issues like brokerage, security analysis, and underwriting, as well as the legal infrastructure of the markets. It focuses primarily on the Indian stock markets, corporate bond markets and derivatives markets. It also looks at the importance of asset management companies such as those involved with mutual funds, pension funds and venture capital funds to gain a better understanding of the asset management industry in India.