Related Books

State-Contingent Debt Instruments for Sovereigns
Language: en
Pages: 50
Authors: International Monetary Fund. Asia and Pacific Dept
Categories: Business & Economics
Type: BOOK - Published: 2017-05-22 - Publisher: International Monetary Fund

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Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool has been around for some time and remain
State-Contingent Debt Instruments for Sovereigns - Annexes
Language: en
Pages: 56
Authors: International Monetary Fund. Asia and Pacific Dept
Categories: Business & Economics
Type: BOOK - Published: 2017-05-22 - Publisher: International Monetary Fund

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These annexes accompany the IMF Policy Paper State Contingent Debt Instruments for Sovereigns
Optimal State Contingent Sovereign Debt Instruments
Language: en
Pages: 31
Authors: Mr. Alejandro D Guerson
Categories: Business & Economics
Type: BOOK - Published: 2021-09-10 - Publisher: International Monetary Fund

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This paper shows that the optimal sovereign lending contract is state-contingent when a government can default. It provides a theoretical basis for the specific
The Premia on State-Contingent Sovereign Debt Instruments
Language: en
Pages: 48
Authors: Deniz Igan
Categories: Business & Economics
Type: BOOK - Published: 2021-12-03 - Publisher: International Monetary Fund

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State-contingent debt instruments such as GDP-linked warrants have garnered attention as a potential tool to help debt-stressed economies smooth repayments over
The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings
Language: en
Pages:
Authors: Charles Cohen
Categories: Business & Economics
Type: BOOK - Published: 2020-11-19 - Publisher: INTERNATIONAL MONETARY FUND

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The COVID-19 crisis may lead to a series of costly and inefficient sovereign debt restructurings. Any such restructurings will likely take place during a period