|


buy
through amazon.co.uk: 
|
 |
 |

“Deacon, Derry
and Mirfendereski offer a systematic study of the theory, institutions
and market for inflation-indexed securities. The
book displays an encyclopedic thoroughness as well as a commitment to
helping the reader understand important underlying concepts, design options
and potential problems with the securities. It describes in detail the
extensive development of this market to date, and helps the reader to
appreciate its real potential to play an expanding role in many facets
of the world economy in the future.”
— Prof. Robert J. Shiller, Yale University, author of
Irrational Exuberance, Princeton 2000 and The New Financial Order: Risk in the
21st Century,
Princeton 2003
“The publication of the second edition of Inflation-indexed Securities
is very timely, as global investors and issuers are coming to understand
the importance of real value certainty to their portfolios of assets
and liabilities. This exceptional book distils the collective insights,
wisdom and experience of three distinguished practitioners in the product,
covering the history, analytics and behaviour of inflation-indexed
bonds and derivatives. It can be wholeheartedly recommended – both new
initiates and “linker” experts will learn much from it.”
— Mark Capleton, Head of European Interest Rate Strategy, Morgan Stanley
“ Inflation-indexed bonds are unique in their ability to offer conservative
investors a stable long-term real return. This timely second edition
charts the development and explains the intricacies of inflation-indexed
markets around the world. It will be the leading reference on this
important asset class.”
— John Campbell, Otto Eckstein Professor of Applied Economics, Harvard
University.
“
The authors have taken the unsexy subject of inflation-linked securities
and dragged them into the real world. They expertly analyse the historical
development and structure of the instruments on a truly global basis – 36
countries are covered – detailing their benefits both from an issuer
and an investor basis. New chapters on the fast emerging world of inflation-linked
derivatives will be of particular interest to anyone examining the product.
With 5 of the world’s 6 largest sovereign debtors (US, Japan,
Italy, France, UK) now issuing IL debt, investors cannot afford
to ignore this
product. I hope readers find it as stimulating as I did.”
— Andrew Roberts, Chief European Fixed Income Strategist, Merrill Lynch
|