Monthly Archives: March 2014
Investopedia explains ‘Index-Linked Bond’
Definition of ‘Index-Linked Bond’ A bond in which payment of income on the principal is related to a specific price index – often the Consumer Price Index. This feature provides protection to investors by shielding them from changes in the underlying index. The bond’s cash flows are adjusted to ensure that the holder of the […]
How The U.S. Government Formulates Monetary Policy
By Reem Heakal on December 31, 2011 A monetary policy is the means by which a central bank (also known as the “bank’s bank” or the “bank of last resort”) influences the demand, supply and, hence, price of money and credit, in order to direct a nation’s economic objectives. Following the Federal Reserve Act of 1913, the Federal Reserve […]
The Financial Engineer 