| |
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910788413203321 |
|
|
Autore |
Miyajima Ken |
|
|
Titolo |
How to Evaluate GDP-Linked Warrants : : Price and Repayment Capacity / / Ken Miyajima |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2006 |
|
|
|
|
|
|
|
ISBN |
|
1-4623-6696-1 |
1-4527-6225-2 |
1-283-51133-9 |
9786613823786 |
1-4519-0880-6 |
|
|
|
|
|
|
|
|
Descrizione fisica |
|
1 online resource (37 p.) |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Soggetti |
|
Bonds - Econometric models |
Gross domestic product - Econometric models |
Exports and Imports |
Foreign Exchange |
Inflation |
Money and Monetary Policy |
Monetary Systems |
Standards |
Regimes |
Government and the Monetary System |
Payment Systems |
Price Level |
Deflation |
International Lending and Debt Problems |
Monetary economics |
Currency |
Foreign exchange |
Macroeconomics |
International economics |
Currencies |
Exchange rate adjustments |
Exchange rates |
Debt service |
Money |
Prices |
Bosnia and Herzegovina |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
|
|
|
|
|
Nota di bibliografia |
|
Includes bibliographical references. |
|
|
|
|
|
|
Nota di contenuto |
|
""Contents""; ""I. INTRODUCTION""; ""II. HISTORY AND CHARACTERISTICS""; ""III. THE MODEL ""; ""IV. CONCLUDING REMARKS""; ""References"" |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
Following a brief review of the recent history of GDP-linked instruments, this paper proposes a set of tools to examine the quantitative properties of GDP-linked warrants. It argues that trigger conditions should be clearly identifiable and payment amounts easily calculable. Based on a design that includes these features and historical data for the main EMBI countries, the paper provides an assessment of the issuer's capacity to service GDP-linked warrants, comparing payments with tax revenues stemming from contemporaneous growth. The price of the GDP-linked warrants are then estimated from the point of view of both domestic and foreign investors. |
|
|
|
|
|
|
|
| |