Christian Schaller – författare

As western governments issue increasing amounts of debt, the fixed income markets have never been more important. Yet the methods for analyzing these markets have failed to keep pace with recent developments, including the deterioration in the credit quality of many sovereign issuers. In Fixed Income Relative Value Analysis, Doug Huggins and Christian Schaller address this gap with a set of analytic tools for assessing value in the markets for government bonds, interest rate swaps, and related basis swaps, as well as associated futures and options.

Taking a practitioner’s point of view, the book presents the theory behind market analysis in connection with tools for finding and expressing trade ideas. The extensive use of actual market examples illustrates the ways these analytic tools can be applied in practice.

The book covers:

Fixed Income Relative Value Analysis provides an insightful presentation of the relevant statistical and financial theories, a detailed set of statistical and financial tools derived from these theories, and a multitude of actual trades resulting from the application of these tools to the fixed income markets. As such, it’s an indispensable guide for relative value analysts, relative value traders, and portfolio managers for whom security selection and hedging are part of the investment process.

SOFR Futures and Options is the practical guide through the maze of the transition from LIBOR. In the first section, it provides an in-depth explanation of the concepts involved:

Applying these insights, the second section offers detailed worked-through examples of hedging loans, swaps, bonds, and floors with SOFR futures and options, supported by interactive spreadsheets accessible on the web.

The gold standard resource for professionals working at financial institutions, SOFR Futures and Options also belongs in the libraries of students of finance and business, as well as those preparing for the Chartered Financial Analyst exam.

SOFR Futures and Options is the practical guide through the maze of the transition from LIBOR. In the first section, it provides an in-depth explanation of the concepts involved:

Applying these insights, the second section offers detailed worked-through examples of hedging loans, swaps, bonds, and floors with SOFR futures and options, supported by interactive spreadsheets accessible on the web.

The gold standard resource for professionals working at financial institutions, SOFR Futures and Options also belongs in the libraries of students of finance and business, as well as those preparing for the Chartered Financial Analyst exam.

An invaluable guide for fixed income practitioners, fully updated to incorporate the shift from LIBOR to SOFR

Since its first edition in 2013, Fixed Income Relative Value Analysis: A Practitioner’s Guide to the Theory, Tools, and Trades has become the gold standard for guides linking financial theories with practical analysis tools. The newly revised second edition reflects both the progress in statistical tools over the last decade and the impact of the transition to SOFR on swap spreads.

You’ll find a set of statistical and financial tools, a multitude of actual trades resulting from the application of these tools, as well as access to a companion website featuring spreadsheets illustrating some of the models contained in the book.

This book covers:

Fixed Income Relative Value Analysis has proven to be an indispensable desk reference for buy- and sell-side fixed income professionals, including traders, quantitative analysts, portfolio managers, financial engineers, fixed income salespeople with sophisticated clientele and risk managers.

An invaluable guide for fixed income practitioners, fully updated to incorporate the shift from LIBOR to SOFR

Since its first edition in 2013, Fixed Income Relative Value Analysis: A Practitioner’s Guide to the Theory, Tools, and Trades has become the gold standard for guides linking financial theories with practical analysis tools. The newly revised second edition reflects both the progress in statistical tools over the last decade and the impact of the transition to SOFR on swap spreads.

You’ll find a set of statistical and financial tools, a multitude of actual trades resulting from the application of these tools, as well as access to a companion website featuring spreadsheets illustrating some of the models contained in the book.

This book covers:

Fixed Income Relative Value Analysis has proven to be an indispensable desk reference for buy- and sell-side fixed income professionals, including traders, quantitative analysts, portfolio managers, financial engineers, fixed income salespeople with sophisticated clientele and risk managers.

This anthology illustrates political changes as a result of neoliberal economic and social policies as well as their impact on democracy at the national and European level. Five central issues constitute the framework for a general analytic approach, a detailed description of the country reports from Austria, Britain, Italy and the Czech Republic: - What are the general economic and social conditions and prerequisites for participation? To what extent do these determine the quality of democracy, democratisation, and de democratisation? - In what forms of political participation does the population engage and what political participation behaviour does it exhibit? What effects do these forms and behaviour patterns in political participation have on the quality of democracy, democratisation, and de-democratisation? - What impact does the relationship between politics and the media have on the interaction between the quality of democracy, democratisation, and de-democratisation? - What are the consequences of Europeanisation (shifting political competences to the European Union level) for the quality of democracy, democratisation, and de-democratisation at the national level? - What reforms for democratisation and what counterstrategies to combat de-democratisation are possible and/or desirable? This volume demonstrates parallels in the development towards democratisation on the basis of different lines of argumentation and additionally takes stock of a variety of major and minor democratic deficits in the above-mentioned countries as well as at the European level. The Editors: Erich Fröschl, Ph.D., political scientist, is former director of the Dr.-Karl- Renner-Institute/Vienna and since 1992 lecturer for political science at Vienna University. Ulrike Kozeluh is a free-lance politologist, currently working under a mandate of the Council for Research and Technology Development. Christian Schaller, Ph.D., free lance political scientist, working i.a. for the Austrian Council for Research and Technology Development, member of Agora.