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...

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Bibliografski detalji
Glavni autor: Igan, Deniz
Daljnji autori: Kim, Taehoon, Levy, Antoine
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2021.
Serija:IMF Working Papers; Working Paper ; No. 2021/282
Teme:
Online pristup:Full text available on IMF