Revisiting Interest Rate Pricing Models from an Indian Perspective : Lessons and Challenges
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review
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Detail(s)
| Original language | English |
|---|---|
| Title of host publication | Rethinking valuation and pricing models |
| Subtitle of host publication | lessons learned from the crisis and future challenges |
| Editors | Carsten S. Wehn, Christian Hoppe, Greg N. Gregoriou |
| Place of Publication | Oxford, UK |
| Publisher | Elsevier/Academic Press |
| Pages | 571-583 |
| ISBN (print) | 9780124158757 |
| Publication status | Published - 22 Nov 2012 |
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Abstract
Indian debt market reform started with the primary purposes of inducing the government to borrow at market rate and insulating the banking system from systemic crises. The experiences during last two decades include (a) emergence of benchmark rates though the yield curve construction methodology still remains an issue, and (b) inability of the gilt market to satisfy higher risk appetite of non-bank entities resulting in rising demand for corporate bonds but price discovery thereof still remains a challenge because of weak legal recourse against defaulters. This paper discusses pricing and trading issues on the Indian interest rate market, especially after the crisis during 2007–08.
Citation Format(s)
Revisiting Interest Rate Pricing Models from an Indian Perspective: Lessons and Challenges. / Das, Rituparna; Wong, Michael C.S.
Rethinking valuation and pricing models: lessons learned from the crisis and future challenges. ed. / Carsten S. Wehn; Christian Hoppe; Greg N. Gregoriou. Oxford, UK: Elsevier/Academic Press, 2012. p. 571-583 35.
Rethinking valuation and pricing models: lessons learned from the crisis and future challenges. ed. / Carsten S. Wehn; Christian Hoppe; Greg N. Gregoriou. Oxford, UK: Elsevier/Academic Press, 2012. p. 571-583 35.
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 12 - Chapter in an edited book (Author) › peer-review
