Section 1: Emerging market characteristics -- Brand bonds -- Latin American local markets -- The convergence of the Central European EMGs to the European Union -- Emerging fixed income and local currency: an investment management view -- A disciplined approach to emerging markets debt investing -- Emerging market CBOs: considerations for portfolio managers -- Section 2: Valuation and trading issues -- how swap spreads affect the performance of floating rate emerging market bonds -- Quantifying dollar differentials between emerging market bonds in yield terms -- From the Asian Crisis to the Brazilian devaluation: the view from a trading desk -- Local fixed income arbitrage: the Brazilian case study -- Valuing options on fixed exchange rates: a case study of the Argentine Peso -- Section 3: Credit issues -- Challenges in the credit analysis of emerging market corporate bonds -- Debt covenants: applications in emerging markets -- New standards for sovereign credit analysis and risk management: the lessons of the Asia crisis -- Default and recovery rates in emerging markets -- Tevecap -- Dao Heng Bank

1. Fixed-income securities