05388oam 2200553 450 991079087040332120190911112728.0981-4440-16-7(OCoLC)897427182(MiFhGG)GVRL8RBF(EXLCZ)99255000000116008120130826h20142014 uy 0engurun|---uuuuatxtccrEuro bonds markets, infrastructure and trends /Marida Bertocchi, University of Bergamo, Italy, Giorgio Consigli, University of Bergamo, Italy, Rita D'Ecclesia University of Sapienza, Rome, Italy, Rosella Giacometti, University of Bergamo, Italy, Vittorio Moriggia University of Bergamo, Italy, Sergio Ortobelli, University of Bergamo, ItalyNew Jersey :World Scientific,[2014]�20141 online resource (xvii, 259 pages) illustrations (some color), mapsWorld Scientific series in finance,2010-1082 ;volume 7Description based upon print version of record.981-4440-15-9 1-306-12035-7 Includes bibliographical references and index.Foreword; Preface; Acknowledgments; Author Biographies; Contents; List of Figures; List of Tables; 1. The Bond Market in Europe; 1.1 Introduction; 1.2 History and Development; 1.3 The Main Features of Euro Bonds; 1.4 Government Bonds; 1.5 Corporate Bonds; 1.6 The 2008 Financial Crisis; 1.7 The European Union Bond; Appendix 1.A. The Major European Bond Markets; Glossary; References; 2. The Market Infrastructure; 2.1 Introduction; 2.2 The Retail Markets; 2.3 The Electronic Markets; 2.4 The Clearing and Settlement System; 2.4.1 Post trading costs; 2.4.2 The current market infrastructure2.5 The Role of Custodians 2.5.1 The Central Securities Depositories; Glossary; References; 3. Government Bond Markets; 3.1 Introduction; 3.2 The Euro Sovereign Bond Market Evolution; 3.3 Country Risk; 3.4 Bond Spread Dynamics Country-specific Risk; 3.5 Fixed-income Markets and Financial Risk Premia; 3.6 Sovereign Risk and ECB Policy; Glossary; References; 4. The Corporate Bond Market; 4.1 Introduction; 4.2 Recent Evolution; 4.3 Euro-corporate Bond Indices; 4.3.1 Bond indices and default probabilities; 4.4 Moody's 2011 Global Credit Report; Glossary; References; 5. Credit Rating Agencies5.1 Introduction 5.2 The CRAs; 5.2.1 The role of CRAs; 5.2.2 Credit ratings; 5.2.3 Taxonomy of rating; 5.3 Regulation of CRAs; 5.3.1 Conflicts of interest; 5.4 The Importance of Competition; 5.5 Rating Methodologies; 5.5.1 General principles of the rating process; 5.5.1.1 Private firm credit rating; 5.5.1.2 Government credit rating; 5.5.1.3 Other organization credit rating; 5.5.2 Input factors for the rating process; 5.5.3 Grading process for the rating agencies; 5.5.4 Rating announcement; Glossary; References; 6. Securitization Market; 6.1 Introduction; 6.2 Asset Classes6.3 The Securitization Process 6.4 Rationale for Securitization; 6.5 The Market Evolution; Glossary; References; 7. Market Bond Products; 7.1 The Covered Bond Market; 7.1.1 Introduction; 7.1.2 Basic features; 7.1.3 Market evolution; 7.1.4 Primary market; 7.1.5 Secondary market; 7.1.6 Covered bonds in the sovereign debt crisis; 7.2 Inflation-Linked Bonds; 7.2.1 Introduction; 7.2.2 The development; 7.2.3 The role of ILBs; 7.2.4 ILBs and monetary policy; 7.2.4.1 Real term structure and ination risk premia; 7.2.5 Portfolio selection with ILBs; 7.2.5.1 Portfolio selection with sovereign ILBs7.2.5.2 Portfolio selection with sovereign nominal bonds 7.3 Bond Exchange Traded Funds; 7.3.1 Introduction; 7.3.2 The development; 7.3.3 Basic features; 7.3.4 Tracking errors and performance; 7.3.5 Portfolio selection with BETFs; 7.3.5.1 BETF portfolio selection in the Euro area; Appendix 7.A. Risk and Reward of Bond Portfolios; Appendix 7.B. Two Approaches for ILBs Portfolio Selection; Appendix 7.C. Two Approaches for BETFs Portfolio Selection; Glossary; References; 8. Credit Derivatives Market; 8.1 Introduction; 8.2 The CDS Market; 8.2.1 The single-name CDS8.2.2 CDS as a measure of credit riskEuro Bonds: Markets, Infrastructure and Trends presents the most recent developments in the Euro bond market. It discusses the problems of the Euro countries, the proposed solutions advocated by European as well as international institutions and investors. Particular emphasis is given to systemic risk and contagion as well as to specific innovative instruments such as structured financial products which protect various classes of investors.This self-contained title provides an organized and comprehensive overview of the current financial situation in Europe and accords the reader the opportuniWorld Scientific series in finance ;v. 7.Euro-bond marketEuro-bond market.332.63/23094Bertocchi Marida102549Consigli GiorgioEcclesia Rita L. D'Giacometti RosellaMoriggia VittorioOrtobelli SergioMiFhGGMiFhGGBOOK9910790870403321Euro bonds3689824UNINA