Wormell The Gilt-Edged Market (RLE Banking & Finance)

Erscheinungsjahr 2012
ISBN: 978-1-136-26900-4
Verlag: Taylor & Francis
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 210 Seiten

Reihe: Routledge Library Editions: Banking & Finance

This book was written at a time when the market for government stocks in London, the gilt-edged market of the title, had undergone a period of rapid innovation in the forms of its instruments – index-linked stocks, variable rate stocks, and other new types – and of methods of issue. This had been the response of a government that had needed to fund a massive public sector borrowing requirement despite its attempts to slash public expenditure. In the same period the opening of the London International Financial Futures Exchange (LIFFE), with its 20-year gilt contract, had introduced a new method for hedging risk for investment managers. This book charts and analyses these developments.

Autoren/Hrsg.

Wormell, Jeremy

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Interdisziplinäres Wissenschaften Wissenschaften: Allgemeines Enzyklopädien, Nachschlagewerke, Wörterbücher

Inhaltsverzeichnis

Editor’s preface. List of Figures and Tables. Acknowledgements. Introduction. Author’s note 1. The Context 2. The Authorities 3. The Investor: Insurance Companies and Pension Funds 4. The Investor: others 5. The Market Place 6. Selling Stock by Tap Issues – the Classic Game 7. Variations in Funding Techniques 8. Futures: The Twenty-Year Contract 9. Interest Payment and Taxation 10. The Term Structure of Interest Rates 11. Value Appendix 1: Switching Appendix 2: Prospectuses. Glossary. Bibliography. Index.

Über Autor(innen)

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