Turkey: Sustaining the unsustainable

Despite persistently high inflation and international financial turmoil, the Turkish economy continues to defy gravity. The country's banks lend to the treasury in lira at high interest rates.

Credit-linked comes of age

How can an investor get exposure to below investment-grade risk while investingin AAA rated bonds? Credit-linked notesprovide an answer, but does anyone really know how to price them? By James Rutter.

SS Euro - sinking the unsinkable

This is the risk they won't talk about in Brussels, Bonn or Paris - that monetary union, once entered into, goes horribly wrong, scuppering the SS Euro.

It's all in the price

After more than a decade of trying, convertible bonds have emerged as a genuine asset class in Europe.