Putable/callable/reset bonds: Intermarket arbitrage with unpleasant side effects

AJ Kalotay, LA Abreo - The Journal of Derivatives, 1999 - pm-research.com
Market efficiency is an important topic for academics and practitioners. The main characteristic
of efficiency is how accurately and quickly asset prices reflect available information. …

Testing hedge effectiveness for FAS 133: The volatility reduction measure

A Kalotay, L Abreo - Journal of Applied Corporate Finance, 2001 - Wiley Online Library
Although the authors of this article praise the spirit of the new FASB guidelines for hedge
accounting, they find flaws in the recommended tests for determining if a hedge qualifies for …

Earnings Impact of Derivatives Under Hedge Accounting

AJ Kalotay, LA Abreo - The Journal of Retirement, 2001 - pm-research.com
Ideally, a hedge should be deemed highly effective only if it actually achieves the intended
reduction of business risk. A corporation may be tempted to use a lenient correlation test so …

Ratchet bonds: Maximum refunding efficiency at minimum transaction cost

A Kalotay, L Abreo - Journal of Applied Corporate Finance, 1999 - Wiley Online Library
Callable bonds, which are widely used by corporate borrowers to manage interest rate risk,
have several major drawbacks. Foremost is the transaction cost of refunding. In addition, …

Premium debt swaps: the best of both worlds?

A Kalotay, L Abreo - Financial Management, 1998 - JSTOR
In a recent transaction, a corporation offered to exchange an outstanding issue selling at a
premium for a new issue of somewhat longer maturity and slightly higher market value. Why …

Municipal bond insurance: identifying the best payment plan

A Kalotay, L Abreo - The Journal of Risk Finance, 2017 - emerald.com
Purpose The volume of municipal bond insurance declined dramatically following the financial
crisis of 2008. Insurance now is making a gradual comeback. Two related considerations …

Insuring callable bonds: selecting the right payment plan

A Kalotay, L Abreo - The Journal of Risk Finance, 2003 - emerald.com
Bond insurance is commonly employed to reduce the cost of issuing debt. Since interest
and principal payments of insured issues are guaranteed by a highly rated counterparty, …

The Challenge Of Managing Credit Spreads: New Tools On The Horizon

A Kalotay, L Abreo, M Darigan - Journal of Applied Corporate …, 1999 - Wiley Online Library
Broadly speaking, “credit spread” is the excess of a bond's yield over the appropriate
Treasury rate that is necessary to compensate lenders for the perceived risk of default. In the …

Buttonhole cannulation of arteriovenous fistulas in the United States

TJ Vachharajani, L Wong, VD Niyyar, KD Abreo… - Kidney360, 2020 - journals.lww.com
The cannulation technique of a hemodialysis vascular access has remained controversial
with differing viewpoints. The quality of dialysis, overall patient safety, and individual dialysis …

Measuring hedge effectiveness for FAS 133 compliance

JM Charnes, P Koch, H Berkman - Journal of Applied …, 2003 - Wiley Online Library
… Andrew Kalotay and Leslie Abreo propose a similar measure of hedge effectiveness and
further suggest that users combine a backward-looking measure using historical data with an …