How to Evaluate GDP-Linked Warrants : : Price and Repayment Capacity / / Ken Miyajima
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| Autore: |
Miyajima Ken
|
| Titolo: |
How to Evaluate GDP-Linked Warrants : : Price and Repayment Capacity / / Ken Miyajima
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (37 p.) |
| Soggetto topico: | 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 | |
| Soggetto geografico: | Bosnia and Herzegovina |
| Note generali: | "March 2006." |
| 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. |
| Titolo autorizzato: | How to Evaluate GDP-Linked Warrants |
| ISBN: | 1-4623-6696-1 |
| 1-4527-6225-2 | |
| 1-283-51133-9 | |
| 9786613823786 | |
| 1-4519-0880-6 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910809284003321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/085