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Growth-Linked Securities

  • John¬†Williamson
Book

Table of contents

  1. Front Matter
    Pages i-xiii
  2. John Williamson
    Pages 1-4
  3. John Williamson
    Pages 5-16
  4. John Williamson
    Pages 17-47
  5. John Williamson
    Pages 49-63
  6. John Williamson
    Pages 65-70
  7. John Williamson
    Pages 77-92
  8. John Williamson
    Pages 93-108
  9. John Williamson
    Pages 109-112
  10. John Williamson
    Pages 113-116
  11. John Williamson
    Pages 117-121
  12. John Williamson
    Pages 123-126
  13. Back Matter
    Pages 127-129

About this book

Introduction

This book provides a detailed and comprehensive synthesis of the literature on growth-linked securities, which are an equity-like method of financing for sovereigns. Based on an idea introduced by Shiller (1993), these securities enjoy growing intellectual support. Momentum in favour of them in policy circles has increased since the global financial crisis of 2007-9 and the subsequent debt crisis in Europe in 2010. This book covers many issues on the topic. After surveying the history of the idea and past experiences of countries that issued growth-linked warrants, chapters examine the pros and cons of this financial instrument from the point of view of issuers and investors. The book also discusses technical issues preventing the broad issuance of growth-linked securities and provides solutions to foster their acceptance by market participants.  

Keywords

GDP-linked bond fixed interest growth-linked securities debt reconstrubction plain vanilla bonds sharia GDP statistics growth measure financial innovation Bank of Endland

Authors and affiliations

  • John¬†Williamson
    • 1
  1. 1.Chevy ChaseUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking