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Tag: Debts & Bonds

“Worrying is like paying a debt you don’t owe.”

Goodbye LIBOR, Hello SOFR!

On 28 Aug 201801 Jun 2023 By Indrajit Roy ChoudhuryIn Finance & Economics4 Comments

LIBOR has been an endangered species for some time now. LIBOR, the rate that banks charge each other to borrow money, is slated to go by the wayside in 2021 and taking its place for USD will be something called the Secured overnight financing rate, or SOFR. Almost every part of the financial world is touched by LIBOR; it is plausibly the world's most important number.

Understanding the Economy & the Crisis

On 19 Dec 201701 Jun 2023 By Indrajit Roy ChoudhuryIn Finance & Economics21 Comments

It is often said that those who do not remember the past are doomed to repeat it. With economics it’s no different, considering the world has experienced dozens of crashes and recessions, undoubtedly caused by acquisitive traders and lawmakers with few memories of the past.

Some Perpetual Bonds Are More Eternal Than Others

On 17 Sep 201503 Apr 2023 By Indrajit Roy ChoudhuryIn Finance & Economics, History4 Comments

The 1,000 Carolus guilder-bond, which is written on goatskin, is among five of the world’s oldest bonds that still pay interest. The document is a bearer bond, meaning the issuer needs to see it before paying out interest. The issuer will then write the payment date on the document. Interest payments were continuously recorded on the vellum document.

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