Reviews for Public Debt Management

The average rating for Public Debt Management based on 2 reviews is 3 stars.

Review # 1 was written on 2013-04-22 00:00:00 John Bradshaw This book is a text used in class and was suggested as reference material for understanding Credit Derivatives. I found it to be a fairly comprehensive preliminary guide to the wide variety and uses of Credit Derivative products. For those that require more of a book on how you approach modeling these products, this will not be the book for you. Das has left the math to a minimum and instead goes through the logic of what these products are and how they are used, what the major models are and how they approximate pricing, what these flaws are. In the current environment there are a few revisions to be noted. First, he may need to revise slightly his thoughts on counter-party risk. This is not to say that he does not point it out. Indeed, he does a fantastic job in the latter chapters going through this historical developments that drove particular areas of the product to become popularly used. Moreover, he even provides the prelude to the existing crisis by pointing out the increasing concentration of risk that comes from the consolidation of banks that has taken place over the last two decades. I also give the book high marks for the examples that are provided. Das does a very good job of positioning an example, with structure and use case, and then showing the documentation, highlighting items that are important. If I was to make any criticism, it would simply be the bulk of the book. The concepts are actually very hard and I would have liked two books each with more examples and story-line of how one arrives at such a decision and not to use a different product to hedge risk/generate return. I find that other books that provide this sort of insight drive home the point more about what the proper and improper use of these instruments is.

Review # 2 was written on 2017-01-31 00:00:00 Brad Sarvak If there were more people like Muhammad Yunus, then maybe his goal of stamping out poverty by 2050 will be achieved ' hell, maybe he'll be able to get Bangladesh there all on his own at the rate that he's going. In "Creating A World Without Poverty,", Yunus talks about social businesses and the future of capitalism. In this book, he talks about how, as Grameen Bank became more and more deeply rooted in the social conditions of the poor in Bangladesh, its mandate evolved and broadened as Yunus and his colleagues branched out from microcredit to social businesses. This book was also partly the story of Grameen Danone came into being ' Danone, the French food products company, partnered with Grameen to produce affordable, nutritious yogurt for malnourished children in Bangladesh. It's a fascinating case study in social business. Also interesting: the epilogue includes a transcript of the lecture Yunus delivered in Oslo when he accepted the Nobel Peace Prize on behalf of Grameen Bank in 2006. Definitely worth reading.