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Regulation of Fixed Income Securities Markets in the United States

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Release : 2004
Genre : Fixed-income securities
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Book Synopsis Regulation of Fixed Income Securities Markets in the United States by : Felice B. Friedman

Download or read book Regulation of Fixed Income Securities Markets in the United States written by Felice B. Friedman. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt:

Regulation of Fixed Income Securities Markets in the United States

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Release : 2016
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Kind : eBook
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Book Synopsis Regulation of Fixed Income Securities Markets in the United States by : Felice B. Friedman

Download or read book Regulation of Fixed Income Securities Markets in the United States written by Felice B. Friedman. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: Friedman looks at the development and regulation of the fixed income securities market in the United States. The U.S. fixed income market is one of the oldest and most developed debt markets in the world. It is also one of the most heterogeneous, with the four key market segments - government securities, the securities of government-sponsored enterprises, municipal securities, and corporate debt securities - all being relatively large and deep. The author describes the evolution of fixed income market regulation in the United States, discussing both primary and secondary market regulation. She also looks at market integrity issues and the enforcement authority of the U.S. Securities and Exchange Commission, which is broad and has played an important role in the effectiveness of regulation. The author concludes that the fact that the U.S. fixed income market flourished for many years in the absence of regulation must be seen in a broader legal and regulatory context. While the debt market itself may have been unregulated, it operated within a larger framework of equity market regulation and enforcement, complemented by a long history of bank supervision that had a significant impact on its development. It is this context that permitted U.S. authorities to adopt regulation in stages, in response to differing demands and priorities. The dynamic nature of the regulation of the U.S. fixed income market - its development in response to market crises - underscores the need for regulation to remain responsive to market developments, and to be adapted to domestic constraints.This paper - a product of Financial Sector Operations and Policy Department - is part of a larger effort in the department to strengthen regulation in emerging securities markets.

Overview of the Regulation of the Bond Markets

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Release : 2006
Genre : Business & Economics
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Book Synopsis Overview of the Regulation of the Bond Markets by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs

Download or read book Overview of the Regulation of the Bond Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of Fixed-Income Securities

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Release : 2016-04-04
Genre : Business & Economics
Kind : eBook
Book Rating : 195/5 ( reviews)

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Book Synopsis Handbook of Fixed-Income Securities by : Pietro Veronesi

Download or read book Handbook of Fixed-Income Securities written by Pietro Veronesi. This book was released on 2016-04-04. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to the current theories and methodologies intrinsic to fixed-income securities Written by well-known experts from a cross section of academia and finance, Handbook of Fixed-Income Securities features a compilation of the most up-to-date fixed-income securities techniques and methods. The book presents crucial topics of fixed income in an accessible and logical format. Emphasizing empirical research and real-life applications, the book explores a wide range of topics from the risk and return of fixed-income investments, to the impact of monetary policy on interest rates, to the post-crisis new regulatory landscape. Well organized to cover critical topics in fixed income, Handbook of Fixed-Income Securities is divided into eight main sections that feature: • An introduction to fixed-income markets such as Treasury bonds, inflation-protected securities, money markets, mortgage-backed securities, and the basic analytics that characterize them • Monetary policy and fixed-income markets, which highlight the recent empirical evidence on the central banks’ influence on interest rates, including the recent quantitative easing experiments • Interest rate risk measurement and management with a special focus on the most recent techniques and methodologies for asset-liability management under regulatory constraints • The predictability of bond returns with a critical discussion of the empirical evidence on time-varying bond risk premia, both in the United States and abroad, and their sources, such as liquidity and volatility • Advanced topics, with a focus on the most recent research on term structure models and econometrics, the dynamics of bond illiquidity, and the puzzling dynamics of stocks and bonds • Derivatives markets, including a detailed discussion of the new regulatory landscape after the financial crisis and an introduction to no-arbitrage derivatives pricing • Further topics on derivatives pricing that cover modern valuation techniques, such as Monte Carlo simulations, volatility surfaces, and no-arbitrage pricing with regulatory constraints • Corporate and sovereign bonds with a detailed discussion of the tools required to analyze default risk, the relevant empirical evidence, and a special focus on the recent sovereign crises A complete reference for practitioners in the fields of finance, business, applied statistics, econometrics, and engineering, Handbook of Fixed-Income Securities is also a useful supplementary textbook for graduate and MBA-level courses on fixed-income securities, risk management, volatility, bonds, derivatives, and financial markets. Pietro Veronesi, PhD, is Roman Family Professor of Finance at the University of Chicago Booth School of Business, where he teaches Masters and PhD-level courses in fixed income, risk management, and asset pricing. Published in leading academic journals and honored by numerous awards, his research focuses on stock and bond valuation, return predictability, bubbles and crashes, and the relation between asset prices and government policies.

Fixed-Income Markets in the United States, Europe, and Japan

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Release : 2006
Genre :
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Book Synopsis Fixed-Income Markets in the United States, Europe, and Japan by : Garry J. Schinasi

Download or read book Fixed-Income Markets in the United States, Europe, and Japan written by Garry J. Schinasi. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies factors that contributed to the development and effectiveness of debt securities markets in the major advanced economies. Government securities markets have benefited from their international orientation debt management is most effective when it is independent of monetary and exchange rate policies; and financial infrastructures should be patterned on the standards of liquidity, transparency, issuing and trading efficiency, and tax treatment. The same degree of consensus does not exist for corporate debt securities markets. The paper identifies six regulatory and market-created factors that help explain why the U.S. corporate debt market has flourished, while corporate debt securities markets elsewhere have only recently begun to develop.

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