Virtual Interactive Bond Engine
Faculty Author: Michael R. Gibbons
Students build a bond portfolio, track it over time, and see the effects of interest rates and other variables
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The Virtual Interactive Bond Engine (VIBE) allows students to build portfolios from a universe of bonds created by the professor, taking long or short positions.
Students design each portfolio to perform in certain ways, depending on changes in interest rates. As virtual time passes, the effects of the interest rate changes are automatically calculated by VIBE and revealed to the students. Students can view the performance of their portfolios relative to other students.