The credit and sovereign debt crises have fundamentally changed the way participants in the global financial markets perceive credit risk. In market practice this is most directly visible from significant bases throughout the interest rate world, especially tenor bases, cross-cu…
"The credit and sovereign debt crises have fundamentally changed the way participants in the global financial markets perceive credit risk. In market practice this is most directly visible from significant bases throughout the interest rate world, especially tenor bases, cross-c…
The credit and sovereign debt crises have fundamentally changed the way participants in the global financial markets perceive credit risk. In market practice this is most directly visible from significant bases throughout the interest rate world, especially tenor bases, cross-cu…
The book contains a comprehensive review of all aspects of credit control, and repeatedly argues that credit control is most important in boom times; the mistakes we make then are the ones that come home to roost in a recession. It stresses the crucial need for analysis of all f…
Whereas the prices of individual company stocks respond rationally to unexpected news, movements in the market as a whole often do not behave in the same way. Indeed, they frequently appear perverse. Prices peak when economic news is bad; they respond only to good news when they…
Money, Credit and Asset Prices
"For amateurs and professionals alike wishing to deepen their understanding of the often mysterious and counter-intuitive fluctuations in asset prices, this book provides essential reading."--Barry Riley, Financial Times 'Really required reading.' - Anthony Harris, Times Accordi…
Whereas the prices of individual company stocks respond rationally to unexpected news, movements in the market as a whole often do not behave in the same way. Indeed, they frequently appear perverse. Prices peak when economic news is bad; they respond only to good news when they…
Whereas the prices of individual company stocks respond rationally to unexpected news, movements in the market as a whole often do not behave in the same way. Indeed, they frequently appear perverse. Prices peak when economic news is bad; they respond only to good news when they…
"Much current writing about agrarian change in the Third World assumes that unfree relations such as debt bondage are archaic forms, destined to be eliminated in the course of capitalist development. Here it is argued that the incidence of bonded labour is much greater than gene…