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...

Полное описание

Библиографические подробности
Главный автор: Igan, Deniz
Другие авторы: Kim, Taehoon, Levy, Antoine
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2021.
Серии:IMF Working Papers; Working Paper ; No. 2021/282
Предметы:
Online-ссылка:Full text available on IMF