LEADER 03216nam 22006015 450 001 9910255053003321 005 20251013131012.0 010 $a9783319683331 010 $a3319683330 024 7 $a10.1007/978-3-319-68333-1 035 $a(PPN)291092594 035 $a(CKB)4340000000223446 035 $a(DE-He213)978-3-319-68333-1 035 $a(MiAaPQ)EBC5153621 035 $a(Perlego)3496649 035 $a(EXLCZ)994340000000223446 100 $a20171121d2017 u| 0 101 0 $aeng 135 $aurnn#008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aGrowth-Linked Securities /$fby John Williamson 205 $a1st ed. 2017. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2017. 215 $a1 online resource (XIII, 129 p.) 225 1 $aPalgrave pivot 311 08$a9783319683324 311 08$a3319683322 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $aChapter 1: Introduction -- Chapter 2: History and Precedents -- Chapter 3: The Variants of GDP-Linked Securities -- Chapter 4: The Benefits of GDP-Linked Securities -- Chapter 5: The Costs of GDP-Linked Securities -- Chapter 6: Topics in the Demand for GDP-Linked Securities -- Chapter 7: Topics in the Supply of GDP-Linked Securities -- Chapter 8: GDP Revisions -- Chapter 9: Would BM Really be Anti-Cyclical? -- Chapter 10: Selecting the Best Form  -- Chapter 11: The Disadvantages of Financial Innovation -- Chapter 12: Concluding Remarks. 330 $aThis book provides a detailed and comprehensive synthesis of the literature on growth-linked securities, which are an equity-like method of financing for sovereigns. Based on an idea introduced by Shiller (1993), these securities enjoy growing intellectual support. Momentum in favour of them in policy circles has increased since the global financial crisis of 2007-9 and the subsequent debt crisis in Europe in 2010. This book covers many issues on the topic. After surveying the history of the idea and past experiences of countries that issued growth-linked warrants, chapters examine the pros and cons of this financial instrument from the point of view of issuers and investors. The book also discusses technical issues preventing the broad issuance of growth-linked securities and provides solutions to foster their acceptance by market participants.  . 410 0$aPalgrave pivot. 606 $aFinancial services industry 606 $aInternational finance 606 $aFinance 606 $aHistory 606 $aFinancial Services 606 $aInternational Finance 606 $aFinancial History 615 0$aFinancial services industry. 615 0$aInternational finance. 615 0$aFinance. 615 0$aHistory. 615 14$aFinancial Services. 615 24$aInternational Finance. 615 24$aFinancial History. 676 $a332.632 700 $aWilliamson$b John$4aut$4http://id.loc.gov/vocabulary/relators/aut$0107218 906 $aBOOK 912 $a9910255053003321 996 $aGrowth-Linked Securities$92158468 997 $aUNINA