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Sovereign Debt Structure for Crisis Prevention »
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
DOI: http://dx.doi.org/10.5089/9781589063778.084
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
The debate on government debt in the context of possible reforms of the international financial architecture has thus far focused on crisis resolution. This paper seeks to broaden this debate. It asks how governmen...
Wage and Public Debt Indexation »
Source: Wage and Public Debt Indexation
Volume/Issue: 1992/67
Series: IMF Working Papers
Author(s): Pablo Guidotti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 1992
ISBN: 9781451848847
Keywords: indexation, wage, wage indexation, wages, Wage and Public Debt Indexation,
This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of indexation of the public debt. It is shown that the government is likely to respond to an increa...
Aggregation of indicators for biological diversity in the Nordic countries : Proceedings and recommendations from the workshop at Tune Landboskole, Denmark, 29 - 30 March 2006 »
Series: Nordic Council of Ministers
Author(s): Gudmundur A. Gudmundsson , Ari-Pekka Auvinen , Anders Glimskär , Gregor Levin , Bo Normander , and Odd Stabbetorp
Publisher: Nordic Council of Ministers
Publication Date: 01 June 2006
ISBN: 9789289313711
Keywords: Nordic, Norden, Baltic, Baltics, Common Goal, Biodiversity, Species Abundance, Species Composition, Habitat Structure, Nordic Biodiversity Index
The Nordic countries have a common goal to halt the decline in biological diversity by 2010. Indicators and indices are important tools to describe the development in biodiversity and hence evaluate the 2010-target...
Excerpt: Taming Indian Inflation »
Series: Miscellaneous Publication (Other)
Author(s): International Monetary Fund. Asia and Pacific Dept
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 February 2016
DOI: http://dx.doi.org/10.5089/TIIEAEX.073
ISBN: TIIEAEX
Keywords: Price indexes, Supply and demand, Financial statistics, Demand elasticity, Development, support price, nonfood, food expenditure, buffer stock, food category
Excerpt: Taming Indian Inflation...
I Overview »
Source: Sovereign Debt Structure for Crisis Prevention
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
The way countries structure their public borrowing has long been considered an important determinant of economic performance. This topic has recently received renewed attention as a result of not only steep...
II Facts on Existing Public Debt Structures »
Source: Sovereign Debt Structure for Crisis Prevention
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
Public debt in emerging market countries differs in several respects from that in advanced economies. First, average debt levels were traditionally equivalent to a lower share of GDP in emerging market count...
III Rendering Debt Structures Less Crisis Prone with Existing Instruments »
Source: Sovereign Debt Structure for Crisis Prevention
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
Existing debt structures in emerging market countries seem to rely excessively on risky forms of debt—such as short-term and foreign-currency debt—which may amplify the economic cycle, increase the likelihoo...
IV Explicit Seniority in Privately Held Sovereign Debt »
Source: Sovereign Debt Structure for Crisis Prevention
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
As described in Section II, the absence of explicit seniority is a striking difference between sovereign and corporate debt. This section argues that explicit seniority in sovereign debt—and, more generally,...
V Expanding the Set of Instruments: Indexation to Real Variables »
Source: Sovereign Debt Structure for Crisis Prevention
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
Most proposals for reform of the international financial architecture have taken the set of available financial instruments as given. This section asks whether greater use of underutilized instruments could...
VI Past and Future of Innovation in Sovereign Borrowing »
Source: Sovereign Debt Structure for Crisis Prevention
Series: Occasional Papers
Author(s): Eduardo Borensztein , Olivier Jeanne , Paolo Mauro , Jeronimo Zettelmeyer , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2005
ISBN: 9781589063778
Keywords: bonds, bond, currency debt, indexation, indexed bonds
As argued in Section II, several obstacles to financial innovation involve the need to coordinate the actions of many economic agents. This suggests that financial innovation may be expected to take place in...