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Fiscal Revenue, Inflationary Finance and Growth

Fiscal Revenue, Inflationary Finance and Growth »

Source: Fiscal Revenue, Inflationary Finance and Growth

Volume/Issue: 1992/23

Series: IMF Working Papers

Author(s): Nurun Choudhry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1992

ISBN: 9781451921069

Keywords: inflation tax, effects of inflation, discount rate

This paper analyzes the optimal rate of monetary expansion when government resorts to inflationary finance to generate additional investment for enhancing growth. If there are lags in tax collection, an increase in...

Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants

Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants »

Source: Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants

Volume/Issue: 2008/109

Series: IMF Working Papers

Author(s): Luca Ricci , Marcos Chamon , and Alejo Costa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

ISBN: 9781451869699

Keywords: GDP-indexed bonds, country insurance, financial development, premium, discount rate, inflation, bonds, bond, cash flows,

This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the...

Haircuts

Haircuts »

Source: Haircuts : Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Volume/Issue: 2005/137

Series: IMF Working Papers

Author(s): Jeronimo Zettelmeyer , and Federico Sturzenegger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

ISBN: 9781451861563

Keywords: Defaults, bond, bonds, debt, present value, discount rate, International Lending and Debt Problems,

This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructuring...

Fiscal Revenue, Inflationary Finance and Growth

Fiscal Revenue, Inflationary Finance and Growth »

Volume/Issue: 1992/23

Series: IMF Working Papers

Author(s): Nurun Choudhry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1992

DOI: http://dx.doi.org/10.5089/9781451921069.001

ISBN: 9781451921069

Keywords: inflation tax, effects of inflation, discount rate

This paper analyzes the optimal rate of monetary expansion when government resorts to inflationary finance to generate additional investment for enhancing growth. If there are lags in tax collection, an increase in...

Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants

Is There a Novelty Premium on New Financial Instruments? The Argentine Experience with GDP-Indexed Warrants »

Volume/Issue: 2008/109

Series: IMF Working Papers

Author(s): Luca Ricci , Marcos Chamon , and Alejo Costa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2008

DOI: http://dx.doi.org/10.5089/9781451869699.001

ISBN: 9781451869699

Keywords: GDP-indexed bonds, country insurance, financial development, premium, discount rate, inflation, bonds, bond, cash flows,

This paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the...

Haircuts
			: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Haircuts : Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005 »

Volume/Issue: 2005/137

Series: IMF Working Papers

Author(s): Jeronimo Zettelmeyer , and Federico Sturzenegger

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2005

DOI: http://dx.doi.org/10.5089/9781451861563.001

ISBN: 9781451861563

Keywords: Defaults, bond, bonds, debt, present value, discount rate, International Lending and Debt Problems,

This paper estimates bond-by-bond "haircuts"-realized investor losses-in recent debt restructurings in Russia, Ukraine, Pakistan, Ecuador, Argentina, and Uruguay. We consider both external and domestic retructuring...