Imperfect Information and Investor Heterogeneity in the Bond Market

2000 ◽  
Author(s):  
Frank Riedel
Keyword(s):  
Imperfect Information ◽  
Bond Market ◽  
Investor Heterogeneity

Economic models of Environment monitoring under imperfect information and high Costs

2014 ◽  
pp. 99-122
Author(s):  
M. Levin ◽  
K. Matrosova
Keyword(s):  
Environmental Monitoring ◽  
Environmental Regulation ◽  
Environmental Economics ◽  
Imperfect Information ◽  
Central Element ◽  
Economic Models ◽  
Environment Monitoring ◽  
Nature Protection ◽  
Protection Measures ◽  
Effective System

The paper considers monitoring of environmental change as the central element of environmental regulation. Monitoring, as each kind of principalagent relations, easily gives rise to corruptive behavior. In the paper we analyze economic models of environmental monitoring with high costs, incomplete information and corruption. These models should be the elements of environmental economics and are needed to create an effective system of nature protection measures.

Revitalizing Municipal Bond Market : The Case of Total Bond Limits Policy

2019 ◽  
Vol 17 (1) ◽  
pp. 175-195 ◽  
Author(s):  
Il Hwan Chung ◽  
◽  
Eung Gil Kim
Keyword(s):  
Bond Market ◽  
Municipal Bond

Assessing Bond Market Developments Post-Euro

CFA Digest ◽  
1999 ◽  
Vol 29 (3) ◽  
pp. 18-20
Author(s):  
Thomas J. Latta
Keyword(s):  
Bond Market

Investing with Futures in the Municipal Bond Market—Part II

1988 ◽  
Vol 1988 (1) ◽  
pp. 47-49, 62-64
Author(s):  
P. Kevin Walsh
Keyword(s):  
Bond Market ◽  
Municipal Bond

Investing with Futures in the Municipal Bond Market—Part I

1988 ◽  
Vol 1988 (1) ◽  
pp. 42-46, 62-64
Author(s):  
William A. Trader
Keyword(s):  
Bond Market ◽  
Municipal Bond

The High-Yield Bond Market—Part II

1987 ◽  
Vol 1987 (4) ◽  
pp. 18-24
Author(s):  
William H. Pike
Keyword(s):  
Bond Market ◽  
High Yield

Modeling the green bond yield on bond offering

2020 ◽  
Vol 26 (12) ◽  
pp. 2858-2878
Author(s):  
M.I. Emets
Keyword(s):  
Linear Regression ◽  
Yield Curve ◽  
Bond Market ◽  
Third Party ◽  
Bond Pricing ◽  
Market Development ◽  
Fair Price ◽  
Lower Yield ◽  
Yield Curves ◽  
Bond Yield

Subject. The article addresses the green bond pricing as compared to bonds other than green ones. Objectives. The aims are to determine how the fact that a bond is identified as a green one, the issue amount, and the availability of third-party verification, influence the yield to maturity; to make recommendations on effective green bond pricing. Methods. The study employs econometric testing of hypotheses, using the multiple linear regression. The sample includes 318 green and 1695 conventional bonds. Results. Green bonds have a lower yield to maturity in comparison with conventional bonds. The yield to maturity of green bonds with third-party verification is lower, as contrasted with green bonds without verification. Conclusions. The next step in the green bond market development is creating a benchmark yield curve for sovereign green bonds, with parallel issuance of conventional, non-green bonds. The yield curve is crucial for effective bond pricing. Two yield curves, i.e. for green and non-green bonds, will enable investors to estimate the fair price on issuance, as well as to define, if there is a difference in pricing.

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