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The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs

The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs »

Source: The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs

Volume/Issue: 1994/75

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

ISBN: 9781451849660

Keywords: nominal interest rate, bonds, foreign bonds, real money

This paper examines the behavior of real interest rates in exchange-rate based stabilization programs. The analysis is based on a model with imperfect capital mobility and optimizing agents. A permanent reduction i...

Persistent Gaps, Volatility Types, and Default Traps

Persistent Gaps, Volatility Types, and Default Traps »

Volume/Issue: 2007/148

Series: IMF Working Papers

Author(s): Ana Fostel , Sandeep Kapur , and Luis Catão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

DOI: http://dx.doi.org/10.5089/9781451867121.001

ISBN: 9781451867121

Keywords: Sovereign Debt, Default, Country Spreads, Output Volatility and Persistence, bond, bonds, sovereign bond, bondholders, Sovereign Debt. Default,

We show that cross-country differences in the underlying volatility and persistence of macroeconomic shocks help explain two historical regularities in sovereign borrowing: the existence of "vicious" circles of bor...

Pricing Growth-Indexed Bonds

Pricing Growth-Indexed Bonds »

Volume/Issue: 2005/216

Series: IMF Working Papers

Author(s): Paolo Mauro , and Marcos Chamon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2005

DOI: http://dx.doi.org/10.5089/9781451862355.001

ISBN: 9781451862355

Keywords: GDP-indexed bonds, Monte-Carlo simulation, indexed bonds, bonds, bond, indexation, indexed bond, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Financial Aspects of Economic Integration,

Growth-indexed bonds have been suggested as a way of reducing the procyclicality of emerging-market countries' fiscal policies and the likelihood of costly debt crises. Investor attitude surveys suggest that pricin...

The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs

The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs »

Volume/Issue: 1994/75

Series: IMF Working Papers

Author(s): Pierre-Richard Agénor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1994

DOI: http://dx.doi.org/10.5089/9781451849660.001

ISBN: 9781451849660

Keywords: nominal interest rate, bonds, foreign bonds, real money

This paper examines the behavior of real interest rates in exchange-rate based stabilization programs. The analysis is based on a model with imperfect capital mobility and optimizing agents. A permanent reduction i...

The Mexican Financial Crisis
			: A Test of the Resilience of the Markets for Developing Country Securities

The Mexican Financial Crisis : A Test of the Resilience of the Markets for Developing Country Securities »

Volume/Issue: 1995/132

Series: IMF Working Papers

Author(s): Shogo Ishii , and David Andrew

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

DOI: http://dx.doi.org/10.5089/9781451855326.001

ISBN: 9781451855326

Keywords: bond issues, bond, bonds, international bond issues, international bond

This paper reviews developments in private capital flows to developing countries since the Mexican financial crisis in December 1994. The paper points out that a strong recovery in these flows masks some significan...

The Mexican Financial Crisis

The Mexican Financial Crisis »

Source: The Mexican Financial Crisis : A Test of the Resilience of the Markets for Developing Country Securities

Volume/Issue: 1995/132

Series: IMF Working Papers

Author(s): Shogo Ishii , and David Andrew

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781451855326

Keywords: bond issues, bond, bonds, international bond issues, international bond

This paper reviews developments in private capital flows to developing countries since the Mexican financial crisis in December 1994. The paper points out that a strong recovery in these flows masks some significan...

Persistent Gaps, Volatility Types, and Default Traps

Persistent Gaps, Volatility Types, and Default Traps »

Source: Persistent Gaps, Volatility Types, and Default Traps

Volume/Issue: 2007/148

Series: IMF Working Papers

Author(s): Ana Fostel , Sandeep Kapur , and Luis Catão

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2007

ISBN: 9781451867121

Keywords: Sovereign Debt, Default, Country Spreads, Output Volatility and Persistence, bond, bonds, sovereign bond, bondholders, Sovereign Debt. Default,

We show that cross-country differences in the underlying volatility and persistence of macroeconomic shocks help explain two historical regularities in sovereign borrowing: the existence of "vicious" circles of bor...

Pricing Growth-Indexed Bonds

Pricing Growth-Indexed Bonds »

Source: Pricing Growth-Indexed Bonds

Volume/Issue: 2005/216

Series: IMF Working Papers

Author(s): Paolo Mauro , and Marcos Chamon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2005

ISBN: 9781451862355

Keywords: GDP-indexed bonds, Monte-Carlo simulation, indexed bonds, bonds, bond, indexation, indexed bond, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Financial Aspects of Economic Integration,

Growth-indexed bonds have been suggested as a way of reducing the procyclicality of emerging-market countries' fiscal policies and the likelihood of costly debt crises. Investor attitude surveys suggest that pricin...