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010   $a9786613823786
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035   $a(PQKBTitleCode)TC0001477337
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035   $a(IMF)WPIEE2006085
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aHow to Evaluate GDP-Linked Warrants : $ePrice and Repayment Capacity /$fKen Miyajima
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (37 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311   $a1-4518-6345-4 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. HISTORY AND CHARACTERISTICS""; ""III. THE MODEL ""; ""IV. CONCLUDING REMARKS""; ""References""
330 3 $aFollowing a brief review of the recent history of GDP-linked instruments, this paper proposes a set of tools to examine the quantitative properties of GDP-linked warrants. It argues that trigger conditions should be clearly identifiable and payment amounts easily calculable. Based on a design that includes these features and historical data for the main EMBI countries, the paper provides an assessment of the issuer's capacity to service GDP-linked warrants, comparing payments with tax revenues stemming from contemporaneous growth. The price of the GDP-linked warrants are then estimated from the point of view of both domestic and foreign investors.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/085
606   $aBonds$xEconometric models
606   $aGross domestic product$xEconometric models
606   $aExports and Imports$2imf
606   $aForeign Exchange$2imf
606   $aInflation$2imf
606   $aMoney and Monetary Policy$2imf
606   $aMonetary Systems$2imf
606   $aStandards$2imf
606   $aRegimes$2imf
606   $aGovernment and the Monetary System$2imf
606   $aPayment Systems$2imf
606   $aPrice Level$2imf
606   $aDeflation$2imf
606   $aInternational Lending and Debt Problems$2imf
606   $aMonetary economics$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aMacroeconomics$2imf
606   $aInternational economics$2imf
606   $aCurrencies$2imf
606   $aExchange rate adjustments$2imf
606   $aExchange rates$2imf
606   $aDebt service$2imf
606   $aMoney$2imf
606   $aPrices$2imf
607   $aBosnia and Herzegovina$2imf
615  0$aBonds$xEconometric models.
615  0$aGross domestic product$xEconometric models.
615  7$aExports and Imports
615  7$aForeign Exchange
615  7$aInflation
615  7$aMoney and Monetary Policy
615  7$aMonetary Systems
615  7$aStandards
615  7$aRegimes
615  7$aGovernment and the Monetary System
615  7$aPayment Systems
615  7$aPrice Level
615  7$aDeflation
615  7$aInternational Lending and Debt Problems
615  7$aMonetary economics
615  7$aCurrency
615  7$aForeign exchange
615  7$aMacroeconomics
615  7$aInternational economics
615  7$aCurrencies
615  7$aExchange rate adjustments
615  7$aExchange rates
615  7$aDebt service
615  7$aMoney
615  7$aPrices
700   $aMiyajima$b Ken$01546570
712 02$aInternational Monetary Fund.$bInternational Capital Markets Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788413203321
996   $aHow to Evaluate GDP-Linked Warrants$93802268
997   $aUNINA