Series: IMF Working Papers
Author(s): Paolo Mauro , and Marcos Chamon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2005
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...