Pricing An Interest Payment Guarantee : A Contribution to Debt Reduction Techniques.
This paper describes an approach for computing the market value of an interest guarantee on a bond where the principal is fully collateralized and which is exchanged for discounted sovereign debts. The cost of the insurance is determined on the basis of a simple option pricing model according to the...
| Yhteisötekijä: | |
|---|---|
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Sarja: | IMF Working Papers; Working Paper ;
No. 1989/065 |
| Linkit: | Full text available on IMF |