Valuation of Hong Kong bonds.

by Yow Nga-Yee.Thesis (M.B.A.)--Chinese University of Hong Kong, 1999.Includes bibliographical references (leaves 35-36).ABSTRACT --- p.iiTABLE OF CONTENTS --- p.iiiLIST OF ILLUSTRATIONS --- p.ivLIST OF TABLE --- p.vChapterChapter I. --- INTRODUCTION --- p.1Market Structure --- p.1Chapter II. --- VALUATION OF CREDIT RISK --- p.9Introducing CreditMetrics --- p.10Credit rating anomalies --- p.15Application of bond analysis to the Hong Kong Market --- p.15Chapter III. --- METHODOLOGY OF HONG KONG BOND RATING --- p.18Rating at a Global Perspective --- p.19Country risk: Emerging markets --- p.22Chapter III. --- COMPARISON BETWEEN HONG KONG BOND AND US BOND OF SAME CREDIT RATING --- p.26Methodology --- p.26The result --- p.27Discussion of the data set --- p.29Explanations of the result --- p.30Chapter IV. --- CONCLUSION --- p.33BIBILIOGRAPHY --- p.4