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How to evaluate GDP-linked warrants : price and repayment capacity /

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 i...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Miyajima, Ken, 1971- (Autor)
Autor Corporativo: International Monetary Fund. International Capital Markets Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, International Capital Markets Dept., ©2006.
Colección:IMF working paper ; WP/06/85.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a How to evaluate GDP-linked warrants :  |b price and repayment capacity /  |c Ken Miyajima. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, International Capital Markets Dept.,  |c ©2006. 
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504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 |a 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. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
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505 0 |a Contents -- I. INTRODUCTION -- II. HISTORY AND CHARACTERISTICS -- III. THE MODEL -- IV. CONCLUDING REMARKS -- References 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Bonds  |x Econometric models. 
650 0 |a Gross domestic product  |x Econometric models. 
650 6 |a Produit intérieur brut  |x Modèles économétriques. 
650 6 |a Obligations (Valeurs)  |x Modèles économétriques. 
650 7 |a Bonds  |x Econometric models  |2 fast 
650 7 |a Gross domestic product  |x Econometric models  |2 fast 
710 2 |a International Monetary Fund.  |b International Capital Markets Department. 
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776 0 8 |i Print version:  |a Miyajima, Ken, 1971-  |t How to evaluate GDP-linked warrants.  |d [Washington, D.C.] : International Monetary Fund, International Capital Markets Dept., ©2006  |w (OCoLC)71809030 
830 0 |a IMF working paper ;  |v WP/06/85. 
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