The public private partnerships are considered as the hybrid of privatization policy. It is one of a range of policies introduced by the public authority to increase the involvement of the private sector in the provision of public services. Although, there is no such reviews of this mechanism,...

Neben der Einleitung ist die Dissertation in zwei Teile aufgeteilt. In Teil I wird die Annahme eines Investors mit μ-σ Präferenz getroffen. Das erste Kapitel stellt ein Multi-Rating ATSM unter Arbitragefreiheit mit dem klaren Fokus auf Zinsstrukturkurvenmodelle für Unternehmensanleihen vor....

Cover -- Contents -- I. Introduction -- II. A Portfolio Model -- 2.1. The Demand for Assets -- 2.2. Equilibrium Conditions -- III. FX Intervention, Capital Controls, and the Policy Rate -- 3.1. Sterilized Intervention -- 3.2. Capital Controls -- 3.3. Policy Rate -- 3.4. Some Remarks on the...

This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. It covers the 10 members of the Association of Southeast Asian Nations plus the People’s Republic of China; Hong Kong, China; and the Republic of Korea.

We analyze the risk premium on bank bonds at origination with a special focus on the role of implicit and explicit public guarantees and the systemic relevance of the issuing institutions. By looking at the asset swap spread on 5,500 bonds, we find that explicit guarantees and sovereign...

The Islamic bonds or sukuk market is one of the fastest growing segments of the nearly US$2trillion global Islamic finance industry. However, lack of trading in secondary sukuk markets is a peculiar feature in this sector and both institutional and retail sukuk investors are known to adopt a...

Sukuk (Islamic debt securities) are dominating the Malaysian capital market with strong support from the government, mega-conglomerates and firms. Sukuk, as an important source of firms’ financing, is increasingly catching up with conventional bonds in terms of volume of transactions and...

Islamic Finance: Issues in Ṣukūk and Proposals for Reform is a jointly edited volume by Mohammad Hashim Kamali and Abdul Karim Abdullah. This publication is on an important current topic of Islamic economics and finance. With the increasing currency of ṣukūk products, there has been...

Introduction -- Adjusting principal component analysis for model errors / Nicola Carcano -- Alternative models for hedging yield curve risk : an empirical comparison / Nicola Carcano and Hakim Dallo -- Applying error-adjusted hedging to corporate bond portfolios / Giovanni Barone-Adesi, Nicola...