LEADER 04419oam 22012254 450 001 9910964534403321 005 20250426110729.0 010 $a9786613823786 010 $a9781462366965 010 $a1462366961 010 $a9781452762258 010 $a1452762252 010 $a9781283511339 010 $a1283511339 010 $a9781451908800 010 $a1451908806 035 $a(CKB)3360000000443373 035 $a(EBL)3014439 035 $a(SSID)ssj0001477337 035 $a(PQKBManifestationID)11902571 035 $a(PQKBTitleCode)TC0001477337 035 $a(PQKBWorkID)11449750 035 $a(PQKB)10198441 035 $a(OCoLC)694141090 035 $a(MiAaPQ)EBC3014439 035 $a(IMF)WPIEE2006085 035 $a(IMF)WPIEA2006085 035 $aWPIEA2006085 035 $a(EXLCZ)993360000000443373 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (37 p.) 225 1 $aIMF Working Papers 300 $a"March 2006." 311 08$a9781451863451 311 08$a1451863454 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 $aCurrencies$2imf 606 $aCurrency$2imf 606 $aDebt service$2imf 606 $aDeflation$2imf 606 $aExchange rate adjustments$2imf 606 $aExchange rates$2imf 606 $aExports and Imports$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aGovernment and the Monetary System$2imf 606 $aInflation$2imf 606 $aInternational economics$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aMacroeconomics$2imf 606 $aMonetary economics$2imf 606 $aMonetary Systems$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMoney$2imf 606 $aPayment Systems$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 606 $aRegimes$2imf 606 $aStandards$2imf 607 $aBosnia and Herzegovina$2imf 615 0$aBonds$xEconometric models. 615 0$aGross domestic product$xEconometric models. 615 7$aCurrencies 615 7$aCurrency 615 7$aDebt service 615 7$aDeflation 615 7$aExchange rate adjustments 615 7$aExchange rates 615 7$aExports and Imports 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aGovernment and the Monetary System 615 7$aInflation 615 7$aInternational economics 615 7$aInternational Lending and Debt Problems 615 7$aMacroeconomics 615 7$aMonetary economics 615 7$aMonetary Systems 615 7$aMoney and Monetary Policy 615 7$aMoney 615 7$aPayment Systems 615 7$aPrice Level 615 7$aPrices 615 7$aRegimes 615 7$aStandards 700 $aMiyajima$b Ken$01816021 712 02$aInternational Monetary Fund.$bInternational Capital Markets Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910964534403321 996 $aHow to Evaluate GDP-Linked Warrants$94371665 997 $aUNINA