strategy. Calibrating our model to a unique data set of about 880,000 early exercises in non-tradable putable bonds over a time …

trading is generally beneficial to bond market liquidity, particularly so for riskier and illiquid bonds. However, we also …

Benchmark bonds help to improve market efficiency. They seem to arise spontaneously in deep and liquid markets. Can … have tried: they have designated specific bonds as benchmarks and fostered their liquidity. We identify exactly which bonds … jure benchmarks end up as de facto benchmarks in the sense of being the most liquid bonds in their maturity segments. We …

- green bonds. It tries to answer some questions relevant for both scholars and business in order to reinforce the development … of green bonds market. One of these questions is whether green bonds issuance cause positive market reaction. Resent … ecological agenda. The green bonds issuance provide a signal for investors that the issuing firm is involved in sustainable …

ratio to 0.85, from the 0.78 achieved by a passive benchmark of 10-year government bonds equally weighted across 12 …

More than 25% of credit bonds in China received improved issuance ratings, among which 96.6% used credit enhancement … low-rated firms to issue high-rated bonds and lower the cost of debt financing …

In recent years, green bonds have gained popularity as the investment industry is looking for environmentally friendly … instruments. Yet, green bonds fragment bond issues, which reduces liquidity and thereby increases financing costs. Moreover, most … green bonds are used to refinance existing activities. As a result, the growth in environmentally-friendly initiatives is …

As the most liquid of instruments, benchmark bonds play an important role in price discovery. Where markets fail to … create them, however, can governments do so? In Indonesia, Malaysia and Thailand, authorities have designated specific bonds … as benchmarks. We measure these bonds' liquidity and find that they succeed as benchmarks about 55% of the time. In …

floors, callable bonds, and interest rate swaps. In the second part of the chapter, we describe and explain auto loan …