Getting to the starting point

Moorad Choudhry
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Moorad Choudhry: KBC Financial Products

Chapter Chapter 1 in Bonds, 2006, pp 1-15 from Palgrave Macmillan

Abstract: Abstract It is generally the case that when one is introducing something of great intrinsic value, there is no need to employ marketing hype. One can just let the item speak for itself. Unfortunately this does not seem to apply to what is, undoubtedly, one of the most important elements of the global economy, and therefore of direct relevance to our collective prosperity and well-being: the bond markets. The bond market has a direct impact on anyone with a stake in the economy, whether as worker, homemaker, pensioner, student or investor. It’s just that in most cases we aren’t aware of this impact. But without a functioning bond market, really important things like hospitals, schools and oil refineries (and other vital things like airports, train stations and factories) wouldn’t get built. And all of us, in the developed world and most of the developing world, depend on these important things to some extent.

Keywords: Interest Rate; Credit Card; Equity Market; Capital Gain; Government Bond (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62726-0_1

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DOI: 10.1057/9780230627260_1

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