Pricing Growth-Indexed Bonds Marcos Chamon

ISBN: 9781283512053

Published: November 1st 2005

ebook

26 pages


Description

Pricing Growth-Indexed Bonds  by  Marcos Chamon

Pricing Growth-Indexed Bonds by Marcos Chamon
November 1st 2005 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 26 pages | ISBN: 9781283512053 | 7.31 Mb

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 pricing difficulties are seen as aMoreGrowth-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 pricing difficulties are seen as a considerable obstacle. In an effort to reduce such concerns, this article presents a simple way of pricing growth-indexed bonds.

As a pleasant by-product, the analysis tracks the quantitative implications of an increase in the share of growth-indexed bonds in total debt, measuring the ensuing decline in the probability of default and the reduction in the spreads at which standard bonds can be issued.



Enter the sum





Related Archive Books



Related Books


Comments

Comments for "Pricing Growth-Indexed Bonds":


motodil.pl

©2008-2015 | DMCA | Contact us