Is There a Novelty Premium on New Financial Instruments? : The Argentine Experience with GDP-Indexed Warrants /
This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the expected net present value of payments, on the basis of various forecast assumptions....
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| Other Authors: | , |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Series: | IMF Working Papers; Working Paper ;
No. 2008/109 |
| Online Access: | Full text available on IMF |