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Public Debt Management: Theory and History by Rudiger Dornbusch,

Public Debt Management: Theory and History by Rudiger Dornbusch,
This book from the Centre for Economic Policy Research collects theoretical, applied and historical research on the welfare economics of public debt; how inappropriate debt management can lead to funding crises; capital levies; debt consolidation; U.S. public debt history; political influences on debt accumulation; trade-offs between indexation and maturity; and confidence effects in a stochastic rational expectations framework.



Collateralized Debt Obligations and Structured Finance: New Developments in Cash and Synthetic Securitization by Janet M. Tavakoli,
Collateralized Debt Obligations and Structured Finance: New Developments in Cash and Synthetic Securitization by Janet M. Tavakoli,
What is a collateralized debt obligation (CDO)? What is securitization? What is a synthetic credit structure? What is an asset-backed security? Ask any market professional and they will all agree that these are structured products, but total agreement usually ends there– mainly because, in a global financial environment, one product may have more than one definition. To help you keep up with the expanding CDO market and the various elements of structured finance, Collateralized Debt Obligations and Structured Finance digs deep to explain some of the newest areas in structured finance, particularly the CDO market and some of the problems created by its rapid growth. Collateralized Debt Obligations and Structured Finance provides a state-of-the-art look at the exploding CDO and structured credit products market. Financial expert Janet Tavakoli– author of the widely popular Credit Derivatives and Synthetic Structures– examines a variety of securitization topics never before seen in print, including the huge increase in the CDO arbitrage created by synthetics; the tranches most at risk from this new technology; dumping securitizations on bank balance sheets; the abuse of offshore vehicles by companies such as Enron; and securitizations made possible by new securitization techniques and the introduction of the Euro. This valuable guide comprehensively covers one of the fastest growing markets on Wall Street, predicting where new bank regulations and other developments may lead to product growth or product extinction. While providing an overview of the market and its dynamic growth, Collateralized Debt Obligations and Structured Finance also explores the types of productsoffered, hedging techniques, and valuation and risk/return issues associated with investing in CDOs and synthetic CDOs.



Sugar of Lead (Lead Acetate) - Sugar of Lead (Lead Acetate) is chemical compound, white crystalline substance with a sweetish taste. Like other lead compounds, it is very poisonous.

Subordinated (debt) - Subordinated debt, also known as junior debt, is a finance term to describe debt that is unsecured or has a lesser priority than that of an additional debt claim on the same asset. This means that if the party that issued the debt defaults on it, people holding subordinated debt get paid after the holders of the "senior debt," and hence is more risky.

Rob Roy (novel) - Rob Roy is a novel by Walter Scott about Frank Osbaldistone, the son of an English merchant who goes to the Scottish Highlands to collect a debt stolen from him. Rob Roy MacGregor, who the book is named after, appears in the book several times but is not the lead character (in fact the narrative does not move to Scotland until half way through the book).

Richard Turton - Captain Richard Turton was an officer of the 40th Regiment stationed at Sydney. He was selected to lead the first party of convicts in the re-establishment of the second convict settlement at Norfolk Island.



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