01040nam--2200325---450-99000369634020331620121009093339.0000369634USA01000369634(ALEPH)000369634USA0100036963420121009d1952----km-y0itay50------baitaITa---||||001yyCorso teorico pratico di telefoniaacustica, apparecchi d'abbonatoG. FoddisRistampa della 1. ed. con l'aggiunta di tre appendici sui maggiori problemi e sui progressi nel campo delle telecomunicazioniMilanoHoepli1952CXXIV, 931 p.ill.25 cmTelefoniaBNCF621.385FODDIS,Giuseppe790ITsalbcISBD990003696340203316621.385 FOD 122442 Ing.621.38500312719BKTECIANNONE9020121009USA010933Corso teorico pratico di telefonia108080UNISA05409oam 22011534 450 991096992340332120250426110050.09786613821300978146231246714623124629781452719870145271987X9781282448117128244811097814519919701451991975(CKB)3360000000443169(EBL)3014311(SSID)ssj0000940024(PQKBManifestationID)11596391(PQKBTitleCode)TC0000940024(PQKBWorkID)10948456(PQKB)10995982(OCoLC)698585482(MiAaPQ)EBC3014311(IMF)WPIEE2006195(IMF)WPIEA2006195WPIEA2006195(EXLCZ)99336000000044316920020129d2006 uf 0engur|n|---|||||txtccrA Primer for Risk Measurement of Bonded Debt from the Perspective of a Sovereign Debt Manager /Michael Papaioannou1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (49 p.)IMF Working Papers"August 2006."9781451864557 1451864558 Includes bibliographical references (p. 45-47).""Contents""; ""I. INTRODUCTION""; ""II. MEASUREMENT OF MARKET RISK""; ""III. MEASUREMENT OF CREDIT RISK""; ""IV. MEASUREMENT OF LIQUIDITY RISK""; ""V. AN INTEGRATED APPROACH TO RISK SENSITIVITY FOR A SECURITY WITH N RISK FACTORS""; ""VI. AN INTEGRATED APPROACH TO RISK SENSITIVITY FOR A PORTFOLIO WITH N RISK FACTORS""; ""VII. EPILOGUE""; ""YIELD DEFINITIONS""; ""THE VALUE-AT-RISK (VAR) METHODOLOGY""; ""REFERENCES""This paper presents some conventional and new measures of market, credit, and liquidity risks for government bonds. These measures are analyzed from the perspective of a sovereign's debt manager. In particular, it examines duration, convexity, M-square, skewness, kurtosis, and VaR statistics as measures of interest rate exposure; a VaR statistic as the prominent measure of exchange rate exposure; the balance sheet approach (or contingent claims approach), and its consequent probability of default as the most promising measure of credit risk exposure; and an elasticity approach and a VaR statistic to measure liquidity risk. Along with the formulas for the various statistics proposed, we provide simple examples of their application to some common risk valuation cases. Finally, we present an integrated approach for the simultaneous estimation of a portfolio's interest rate and exchange rate risk using the VaR methodology. The integrated approach is then extended to also include N risk factors. This approach allows us to measure the total risk of a portfolio, provided that the volatilities and correlations among the risk factors can be estimated.IMF Working Papers; Working Paper ;No. 2006/195RiskEconometric modelsInterest ratesEconometric modelsCreditEconometric modelsLiquidity (Economics)Econometric modelsGovernment securitiesEconometric modelsDebts, PublicEconometric modelsBanks and BankingimfBondsimfCapital and Ownership StructureimfCredit riskimfExchange rate riskimfFinancial Risk and Risk ManagementimfFinancial risk managementimfFinancial services law & regulationimfFinancing PolicyimfGeneral Financial Markets: General (includes Measurement and Data)imfGoodwillimfInvestment & securitiesimfInvestments: BondsimfLiquidity riskimfMarket riskimfValue of FirmsimfUnited StatesimfRiskEconometric models.Interest ratesEconometric models.CreditEconometric models.Liquidity (Economics)Econometric models.Government securitiesEconometric models.Debts, PublicEconometric models.Banks and BankingBondsCapital and Ownership StructureCredit riskExchange rate riskFinancial Risk and Risk ManagementFinancial risk managementFinancial services law & regulationFinancing PolicyGeneral Financial Markets: General (includes Measurement and Data)GoodwillInvestment & securitiesInvestments: BondsLiquidity riskMarket riskValue of FirmsPapaioannou Michael1814293International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910969923403321A Primer for Risk Measurement of Bonded Debt from the Perspective of a Sovereign Debt Manager4372852UNINA