04419oam 22012254 450 991096453440332120250426110729.0978661382378697814623669651462366961978145276225814527622529781283511339128351133997814519088001451908806(CKB)3360000000443373(EBL)3014439(SSID)ssj0001477337(PQKBManifestationID)11902571(PQKBTitleCode)TC0001477337(PQKBWorkID)11449750(PQKB)10198441(OCoLC)694141090(MiAaPQ)EBC3014439(IMF)WPIEE2006085(IMF)WPIEA2006085WPIEA2006085(EXLCZ)99336000000044337320020129d2006 uf 0engur|n|---|||||txtccrHow to Evaluate GDP-Linked Warrants : Price and Repayment Capacity /Ken Miyajima1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (37 p.)IMF Working Papers"March 2006."9781451863451 1451863454 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. HISTORY AND CHARACTERISTICS""; ""III. THE MODEL ""; ""IV. CONCLUDING REMARKS""; ""References""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.IMF Working Papers; Working Paper ;No. 2006/085BondsEconometric modelsGross domestic productEconometric modelsCurrenciesimfCurrencyimfDebt serviceimfDeflationimfExchange rate adjustmentsimfExchange ratesimfExports and ImportsimfForeign ExchangeimfForeign exchangeimfGovernment and the Monetary SystemimfInflationimfInternational economicsimfInternational Lending and Debt ProblemsimfMacroeconomicsimfMonetary economicsimfMonetary SystemsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfPrice LevelimfPricesimfRegimesimfStandardsimfBosnia and HerzegovinaimfBondsEconometric models.Gross domestic productEconometric models.CurrenciesCurrencyDebt serviceDeflationExchange rate adjustmentsExchange ratesExports and ImportsForeign ExchangeForeign exchangeGovernment and the Monetary SystemInflationInternational economicsInternational Lending and Debt ProblemsMacroeconomicsMonetary economicsMonetary SystemsMoney and Monetary PolicyMoneyPayment SystemsPrice LevelPricesRegimesStandardsMiyajima Ken1816021International Monetary Fund.International Capital Markets Dept.DcWaIMFBOOK9910964534403321How to Evaluate GDP-Linked Warrants4371665UNINA