The Premia on State-Contingent Sovereign Debt Instruments /

State-contingent debt instruments such as GDP-linked warrants have garnered attention as a potential tool to help debt-stressed economies smooth repayments over business cycles, yet very few studies of the empirical properties of these instruments exist. This paper develops a general f ramework to e...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter: Igan, Deniz
Andre forfattere: Kim, Taehoon, Levy, Antoine
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2021.
Serier:IMF Working Papers; Working Paper ; No. 2021/282
Fag:
Online adgang:Full text available on IMF