The Rationale and Design of Inflation-Indexed Bonds /

A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper survey...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Price, Robert
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1997.
Saila:IMF Working Papers; Working Paper ; No. 1997/012
Sarrera elektronikoa:Full text available on IMF
Deskribapena
Gaia:A number of industrialized countries have recently offered inflation-indexed bonds. Some members of another group of countries that had earlier adopted more comprehensive indexation in response to high inflation have taken steps to reduce the scope of indexation in their economies. This paper surveys debt management, monetary policy, and welfare arguments on the use of inflation-indexed bonds, and relates these to the experiences of various issuers. The paper also considers some important design features of indexed bonds.
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Deskribapen fisikoa:1 online resource (69 pages)
Formatua:Mode of access: Internet
ISSN:1018-5941
Sartu:Electronic access restricted to authorized BRAC University faculty, staff and students