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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Autore principale: Igan, Deniz
Altri autori: Kim, Taehoon, Levy, Antoine
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2021.
Serie:IMF Working Papers; Working Paper ; No. 2021/282
Soggetti:
Accesso online:Full text available on IMF