Financial Markets and Electoral Systems

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Welcome to jdawiseman.com, the website of Julian D. A. Wiseman.

Quick menu: Chapter 1 of Pricing Money; Structure of financial markets; Electoral systems; other essays.

Cover of Pricing Money

PRICING MONEY: A Beginner’s Guide to Money, Bonds, Futures and Swaps is an introduction to the fixed-income markets. It explains the purpose and design of the most important financial instruments, including deposits, bonds, futures and swaps, and how these instruments are used by the various players in the financial system. The book is for new recruits and potential new recruits in financial markets (consider reading it before rather than after the interview), as well as accountants, lawyers, and those wishing to understand finance. The style is engaging, accessible and non-mathematical, and hence comprehensible by those with no prior financial knowledge.

The text of Chapter 1: Money Markets and of the Table of Contents are available at jdawiseman.com, with the permission of the publisher Wiley.

Pricing Money can be purchased from Amazon.co.uk, Amazon.com, Amazon.fr, Amazon.de, Amazon.co.jp, B&N (same day delivery in Manhattan), as well as other bookshops: cite ISBN 978-0-471-48700-5.

Papers at jdawiseman.com

Date Short title
Apr 2009 PR-Squared: the Majoritarian Incentives of Voters and of Parties
Mar 2009 Proportionate Barbie (or, Barbie is not skinny)
Mar 2009 On the Punishment of Lonely Bidders—following the uncovered gilt auction on 25th March 2009
Mar 2009 On Quantitative Easing
Mar 2009 Short-term ‘draining’ operations and the nature of reserves
Mar 2009 The Bank of England: a step closer towards its own monetary policy
Feb 2009 PR-Squared in Israel: Bettering Israeli Politics
Feb 2009 Auktionen von Bundesanleihen: Ein besserer Mechanismus—a letter sent on 28th January 2009 to members of the German Bundestag’s Budget Committee
Feb 2009 Better Auctions and Better Products: A Presentation to the UK DMO
Jan 2009 Bund Auctions: A better mechanism—a letter to the Deutsche Finanzagentur
Jan 2009 Open Mathematical Questions at jdawiseman.com
Dec 2008 Methods for Distributing Gilts: A Reply
Nov 2008 Gilt Asset Swaps: Stheeman’s Reply
Nov 2008 US Treasury Bonds: fewer and larger, a letter sent to the US Senate Finance Committee in Aug ’07
Nov 2008 Who pays wins: a reply to Mark Capleton, being a reply to an RBS recommendation about the DMO paying swaps
Nov 2008 The Implementation of Monetary Policy: The Next Attempt
Nov 2008 On The Plotting of Yields
Oct 2008 Gilt Asset Swaps: DMO Should Profit
Aug 2008 2008 Olympics: who won? Comparing golds and silvers and bronzes
June 2008 Trigonometry in surds, for integer multiples of 3° and of 5⅝°: Sin and Cos; Csc and Sec; Tan; and also the inner radius of n/m stars
June 2008 Letter to the FT: Libor is both high and low (“Some confusion over Libor levels”)
May 2008 Paper presented at Cass CBS conference: Term Funding and Implementing Monetary Policy leading to PDF version
Apr 2008 Letter to the FT: Libor suggestion doubly mistaken
Apr 2008 The possible stigmatisation of UK Treasury Bills
Jan 2008 Paper presented at LSE FMG conference: Implementing Monetary Policy leading to PDF version
Nov 2007 A practical design of a better decanter
Sep 2007 The BoE’s implentation of monetary policy: dangerous false signals and confused collateral
Aug 2007 Article in Central Banking: The pretend market for money
Jan 2007 What malformation did El Greco paint? Paediatricians are asked to help diagnose a mystery condition.
Dec 2006 NHL scoring: an overtime result should be 1-0 not 2-1
Nov 2006 Letter to the FT: Three ways the US Treasury could repair the bonds market
Sep 2006 Bonds: too many; too small, or why government debt issuers should re-open more than they do
Aug 2006 The 30-year Mbono: recommendations
Dec 2005 A list of HTML character entities and PostScript glyphs (all unicode characters)
Nov 2005 Two examples of unusual voting systems
Nov 2005 Algorithm justifying that the expected value of sn/n ≈ 0.79295350640…
Sep 2005 Glasses placemat: how to avoid confusion at a port tasting (advice on choosing a page size, code parameters, reusable code routines)
Jan 2005 Reply to UK DMO’s consultation about an ultra-long gilt
June 2003 Tournament designs, such as all-play-all, carry-over and individual-pairs (update; first uploaded Dec 00)
May 2002 Round EMU conversion rates
Jan 2002 Some elementary thoughts on the maturity at which a government should borrow
Jan 2002 A new design of bond future
Dec 2001 The colours and letters of futures maturities
Nov 2001 The distillery numbers of the Scotch Malt Whisky Society
Nov 2001 How the UK can stop spam without damaging free speech
Oct 2001 Reply to UK DMO’s consultation about a new design of index-linked gilt
Oct 2001 Various non-intuitive features of electoral systems (update; first uploaded Jan 00)
Oct 2001 A map of Jet Set Willy II, the classic ZX Spectrum platform game, with a recommended route, and comments from the programmer
Sep 2001 Chapter 1: Money Markets and the Table of Contents of
Pricing Money: A Beginner’s Guide to Money, Bonds, Futures and Swaps
Sep 2001 PR-Squared: A New Description, superseding previous descriptions
July 2001 Apportionment, or How to Round Seat Numbers
Feb 2001 Queens’ Courtiers: a board game for two players
Mar 2000 Official Intervention In The ‘Specials’: the DMO’s decision
Mar 2000 A postscript to the ‘Dear Aunty’ letter, on the subject of pension savings
Feb 2000 The Bank of England and the Sterling Money Markets: A Critique
Dec 1999 A letter to my Aunt, dated 7th March 1997, explaining why EMU is such a bad idea
Nov 1999 How to draw the flag of the United Kingdom — accurately
Sep 1999 Official Intervention In The ‘Specials’: letter of 20th September 1999
June 1999 How to find one differently-weighted object from amongst (3w–3)/2 using only w weighings
May 1999 Non-farm payrolls: a diary
May 1999 A Market-Based Exchange Rate Mechanism
Apr 1999 Switch Auctionettes
Apr 1999 Official Intervention In The ‘Specials’
Mar 1999 The Dutch Sequential Auction
Mar 1999 A Better Auction Mechanism, And Why Governments Should Sell Futures Rather Than Debt
Mar 1999 A Criticism Of The Jenkins Report

Disclaimer. This website is published by Julian D. A. Wiseman in his personal capacity. Its contents are published as a courtesy, for information only, and no action should be taken or omitted in reliance upon it and no legal duty to the reader is created. All opinions, information, estimates and computer code presented herein: are those of Julian D. A. Wiseman; are presented in good faith and were believed to be reliable when originally written (except computer code, which was believed to be mostly reliable over the range of inputs anticipated by Julian Wiseman); are subject to change without notice; are not necessarily approved of or disagreed with by any of Julian Wiseman’s past, present or future employers, by other employees of those employers, or by any of the central banks, monetary authorities, government debt agencies or other entities mentioned; and may already have been used as a basis for trading by Julian Wiseman, his past, present or future employers, or others. No warranty or guarantee is given about completeness or accuracy. This material is not intended to be an offer or solicitation for the purchase or sale of any financial instrument.

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