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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Igan, Deniz
Weitere Verfasser: Kim, Taehoon, Levy, Antoine
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2021.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2021/282
Schlagworte:
Online Zugang:Full text available on IMF