418                                                   ГЛАВА 14

5. О покрытии ценных бумаг, обеспеченных закладными, см. в работах:

Earl Baldwin and Saundra Stotts, Mortgage-Backed Securities: A Reference Guide for Lenders

& Issuers (Chicago: Probus Publishing, 1990).

Sean Becketti and Charles S. Morris, The Prepayment Experience ofFNMA Mortgage-Backed

Securities, Monograph Series in Finance and Economics, № 1990-3, New York University

Salomon Center, Leonard N. Stern School of Business.

Eduardo S. Schwartz and Walter N. Torous, «Prepayment, Default, and the

Valuation of Mortgage Pass-through Securities», Journal of Business, 65, no. 2 (April 1992),

pp. 221-239.

Andrew Carron, «Understanding CMOs, REMICs, and Other Mortgage Derivatives», Journal

of Fixed Income, 2, no. 1 (June 1992), pp. 25—43.

Albert J. Golly, Jr., «An Individual Investor's Guide to the Complex World of CMOs», AAII

Journal, 14, no. 6 (July 1992), pp. 7-10.

Frank J. Fabozzi and Franco Modigliani, Mortgage & Mortgage-Backed Securities Markets

(Boston: Harvard Business School Press, 1992).

Michael D. Joehnk and Matthew J. Hassett, «Getting a Grip in the Risks of CMO

Prepayments», AAII Journal, 15, no. 5 (June 1993), pp. 8-12.

Frank J. Fabozzi, Charles Ramsey, and Frank R. Ramirez, Collateraliyd Mortgage Obligations:

Structure and Analysis (Summit, NJ: Frank J. Fabozzi Associates, 1993).

6. Муниципальные облигации рассматриваются в статьях:

Peter Fortune, «The Municipal Bond Market, Part I: Politics, Taxes, and Yields», Federal
Reserve Bank of Boston, New England Economic Review (September/October 1991),
pp. 13-36.

Peter Fortune, «The Municipal Bond Market, Part II: Problems and Politic», Federal Reserve
Bank of Boston, New England Economic Review (May/June 1992), pp. 47—64.

7. Рынок иностранных облигаций и еврооблигаций обсуждается в работах:

J. Orlin Grabbe, International Financial Markets (New York: Elsevier Science Publishing,
1991), Chapters 16-18.

Bruno Solnik, International Investments (Reading, MA: Addison-Wesley, 1991),
Chapters 6-7.

8. Обсуждение европейского кредитного рынка см. в работе:

Arie L. Melnik and Steven E. Plaut, The Short-Term Eurocredit Market, Monograph Series
in Finance and Economics, № 1991-1, New York University Salomon Center, Leonard N.
Stern School of Business.

9. О функционировании рынка государственных облигаций Великобритании, Японии
и Германии см. в работе:

Thomas J. Urich, U.K., German and Japanese Government Bond Markets, Monograph Series
in Finance and Economics, № 1991—2, New York University Salomon Center, Leonard N.
Stern School of Business.

10. Точность информации о ценах на облигации корпораций анализируется в статьях:

Kenneth P. Nunn Jr., Joanne Hill, and Thomas Schneeweis, «Corporate Bond Price Data
Sources and Risk/Return Measurement», Journal of Financial and Quantitative Analysis,
21, no. 2 (June 1986), pp. 197-208.

Oded Sarig and Arthur Warga, «Bond Price Data and Bond Market Liquidity», Journal of
Financial and Quantitative Analysis, 24, no. 3 (September 1989), pp. 367-378.