|
|
|
|
| LEADER |
01694cas a2200253 a 4500 |
| 001 |
AALejournalIMF003870 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451862355
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Mauro, Paolo.
|
| 245 |
1 |
0 |
|a Pricing Growth-Indexed Bonds /
|c Paolo Mauro, Marcos Chamon.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
|
| 300 |
|
|
|a 1 online resource (26 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a Growth-indexed bonds have been suggested as a way of reducing the procyclicality of emerging-market countries' fiscal policies and the likelihood of costly debt crises. Investor attitude surveys suggest that pricing difficulties are seen as a considerable obstacle. In an effort to reduce such concerns, this article presents a simple way of pricing growth-indexed bonds. As a pleasant by-product, the analysis tracks the quantitative implications of an increase in the share of growth-indexed bonds in total debt, measuring the ensuing decline in the probability of default and the reduction in the spreads at which standard bonds can be issued.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Chamon, Marcos.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2005/216
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/216/001.2005.issue-216-en.xml
|z IMF e-Library
|