Puttable and Extendible Bonds : Developing Interest Rate Derivatives for Emerging Markets /
This paper analyzes the price stabilizing properties of puttable and extendible bonds, their potential to help develop interest-rate derivative markets, and their use by governments. Their stabilizing properties imply that, when bond prices fall, prices for puttable and extendible bonds fall by less...
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Drugi avtorji: | |
Format: | Revija |
Jezik: | English |
Izdano: |
Washington, D.C. :
International Monetary Fund,
2003.
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Serija: | IMF Working Papers; Working Paper ;
No. 2003/201 |
Teme: | |
Online dostop: | Full text available on IMF |