Brazilian Derivatives And Securities

Author: Marcos C. S. Carreira
Editor: Springer
ISBN: 113747727X
Size: 19,84 MB
Format: PDF, Kindle
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The Brazilian financial markets operate in a very different way to G7 markets. Key differences include onshore and offshore markets, exponential rates, business days day-counts, and price formation from the futures markets (instead of the cash markets). This book provides a quantitative, applied guide to the offshore and onshore Brazilian markets, with a focus on the financial instruments unique to the region. It offers a comprehensive introduction to the key financial 'archaeology' in the Brazil context, exploring interest rates, FX and inflation and key differences from G7 market finance. It explores the core industry investment banking business in detail, from FX to interest rates and cash and inflation. Finally it introduces the region's unique financial instruments, as well as their pricing and risk management needs. Covering both introductory and complex topics, this book provides existing practitioners in Brazil, as well as those interested in becoming involved in these markets, everything they need to understand the market dynamics, risks, pricing and calibration of curves for all products currently available.

Investment Risk Management

Author: H. Kent Baker
Editor: Oxford University Press, USA
ISBN: 0199331960
Size: 12,57 MB
Format: PDF, ePub
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All investments carry with them some degree of risk. In the financial world, individuals, professional money managers, financial institutions and many others encounter and must deal with risk. The main purpose of 'Investment Risk Management' is to provide an overview of developments in risk management and a synthesis of research involving the latest developments in the field.

Risk Management Of Sovereign Assets And Liabilities

Author: Marcel Cassard
Editor: International Monetary Fund
ISBN: 1451903316
Size: 17,21 MB
Format: PDF, Mobi
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In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step in reducing emerging market vulnerability to such external shocks is to reform the institutional arrangements governing asset and liability management policies, so as to promote a transparent, publicly accountable, and professional incentive structure.

A Primer On Managing Sovereign Debt Portfolio Risks

Author: Thordur Jonasson
Editor: International Monetary Fund
ISBN: 1484351843
Size: 18,66 MB
Format: PDF
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This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.

Finance Development June 2009

Author:
Editor: International Monetary Fund
ISBN: 1455209236
Size: 19,77 MB
Format: PDF, Kindle
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'Crisis Shakes Europe: Stark Choices Ahead' looks at the harsh toll of the crisis on both Europe's advanced and emerging economies because of the global nature of the shocks that have hit both the financial sector and the real economy, and because of Europe's strong regional and global trade links. Marek Belka, Director of the IMF's European Department, writes in our lead article that beyond the immediate need for crisis management, Europe must revisit the frameworks on which the European Union is based because many have been revealed to be flawed or missing. But in many respects, one key European institution has proved its mettle—the euro. Both Charles Wyplosz and Barry Eichengreen discuss the future of the common currency. Also in this issue, IMF economists rank the current recession as the most severe in the postwar period; John Lipsky, the Fund's First Deputy Managing Director, examines the IMF's role in a postcrisis world; and Giovanni Dell'Ariccia assesses what we have learned about how to manage asset price booms to prevent the bust that has caused such havoc. In addition, we talk to Oxford economist Paul Collier about how to help low-income countries during the current crisis, while Donald Kaberuka, President of the African Development Bank, writes about how African policymakers can prepare to take advantage of a global economic recovery. 'Picture This' looks at what happens when aggressive monetary policy combats a crisis; 'Back to Basics' gives a primer on fiscal policy; and 'Data Spotlight' takes a look at the recent large swings in commodity prices.

Latinfinance

Author:
Editor:
ISBN:
Size: 15,81 MB
Format: PDF
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Global Investment Risk Management

Author: Ezra Zask
Editor: McGraw Hill Professional
ISBN: 9780071353151
Size: 20,21 MB
Format: PDF, ePub, Docs
Read: 675
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GLOBAL INVESTMENT RISK MANAGEMENT outlines hands-on systems, policies, and procedures that will help you take advantage of the returns available in overseas markets, while keeping closer track of the risks--not only those risks you can see but those you cannot. This practical guide to understanding and managing all aspects of international investment risk--from currency and equity risk to interest rate and commodity risk--includes: When, how, and why to use futures, options, swaps, and customized derivatives; Emerging markets investment strategies to help you seize ground-floor opportunities--while hedging against financial meltdowns; Cautionary tales of mega-billion dollar investment debacles--and how they could have been avoided; Long-term global diversification strategies from asset allocation pioneer Roger C. Gibson; Steps to design a detailed risk management program that fits your institution's risk and investment objectives; A detailed introduction and explanation of Value at Risk (VaR); Internet resources for valuable and cost-free global investment risk management information. Combining the knowledge and experience of 20 of the world's foremost global investment experts, GLOBAL INVESTMENT RISK MANAGEMENT is the first guidebook that explains--in practical and easy-to-understand language--how to understand and hedge against everpresent international investment risks. It will help you expand the boundaries of your investment program, ensuring that your organization makes full use of the world of investment opportunities, while sensibly and strategically hedging against international investment risks. Contributors include: David Beers. Vinod Chandrashekaran. Jason Cook. Christopher L. Culp. Ray Dalio. Roger C. Gibson. Steve H. Hanke. Joanne M. Hill. Michael J. Howell. Richard Johnston. Ira G. Kawaller. Ron Mensink. Ranga Nathan. Andrea M.P. Neves. Todd E. Petzel. Steven A. Schoenfeld. Istvan Szoke. Lee Thomas. Maria E. Tsu. Richard Vogel. Ezra Zask